The Hindu : Business : Sensex up 29 points

Online edition of India's National Newspaper
Friday, Aug 18, 2006

Business

Business

Sensex up 29 points

MUMBAI: Global developments continued to influence the stock market with benign U.S. inflation data and easing crude oil prices on Thursday aiding the Bombay Stock Exchange benchmark, Sensex, to close 29 points higher at 11477.48.

Taking a cue from buoyant world markets, the 30-share sensitive index (Sensex) initially shot up to the intra-day high of 11551.59 on the back of increased activity by institutional investors. It, however, trimmed its gains and closed at 11477.48 from Wednesday's close of 11448.31, a net gain of 29.17 points. Reliance Industries, which has the highest weightage in the Sensex, scored impressive gains helping the market to close in the positive territory.

On the National Stock Exchange, the S&P CNX Nifty eased by 2.15 points to 3353.90.

Brokers attributed profit taking by investors in the latter part of the session to a negative turn in Asian trend after the midsession. Foreign institutional investors as well as retail investors were believed to be engaged in profit taking. — PTI

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