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Tuesday, Apr 24, 2007
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Sensex touches 14000 mark again


MUMBAI: The stock market turned volatile as investors began rollover process and ended 31 points higher on Monday after breaching 14,000 level again. The market witnessed profit-booking after crossing the 14000 mark in early trading ahead of the end of April series and announcement of annual monetary policy by the Reserve Bank of India on Tuesday.

Operators and retail investors as well as foreign funds were also believed to be gradually rolling over to May series. The Sensex touched the intra-day high of 14046.52 but later came under pressure and ended at 13928.33, a net rise of 30.92 points from Friday's close of 13897.41.

The S&P CNX Nifty ended marginally up by 1.55 points or 0.04 per cent to close at 4085.10 against 4083.55. The markets seemed fundamentally strong on the back of announcements of robust Q4 earnings by a few major corporates with others such as Reliance Industries, Bharti Airtel and Maruti Udyog slated to release their results during the week. — PTI

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