Friday, May 20, 2005
Friday, May 20, 2005 |
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MUMBAI: Despite profit taking paring a major part of the gains, the Sensex on Thursday staged a moderate pullback rally on fresh bargain purchases pushing up the index by 31.94 points to close at 6478.94 on the Bombay Stock Exchange after sentiment took a turn for the better. Firm global advices, sliding world oil prices and the overnight assurance by the Securities and Exchange Board of India that it would not ban FIIs from using the Participatory Notes route boosted the general outlook, dealers said. The market breadth turned distinctly positive, as advances outnumbered laggards in the ratio of nearly three to one in the specified list, they added.The BSE benchmark 30-share index opened firm at 6461.07 against yesterday's close of 6447 and later rallied sharply to a high of 6538.19 before concluding at 6478.94. In the specified group, 145, including 14 index-based counters, showed gains while 51 others finished with losses. — PTI
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