The Hindu : Business : Sensex returns to 11000-mark

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Friday, Aug 04, 2006

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Sensex returns to 11000-mark

MUMBAI: The country's key stock market index returned to the 11000 level on Thursday after over two months but profit booking by traders pulled down the sensitive index, which closed the day at 10923.16.

This was the first time that the index has touched the 11,000-point mark since May 26, thanks to active buying on positive global cues.

The BSE 30-share sensitive index fell sharply from the intra-day high of 11081.90 and ended the day at 10923.16 against Wednesday's close of 10876.19, a net rise of 46.97 points or 0.43 per cent.

The National Stock Exchange's S&P CNX Nifty also edged up by 7.90 points or 0.25 per cent to 3190.00 from the previous close of 3182.10.

Traders and retail investors heavily booked profits at higher levels in the last 30 minutes of trading when European markets resumed with over one per cent falls. Attributing investors' hesitant attitude to concerns over hardening interest rates, both globally and locally, high crude oil prices, and a slowdown in FII inflows, stock brokers said the market could see any major breakthrough after ending past the 11000 level. — PTI

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