Online edition of India's National Newspaper
Wednesday, Sep 19, 2007
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Online edition of India's National Newspaper Wednesday, Sep 19, 2007 ePaper |
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MUMBAI: Shedding its initial hesitancy, the benchmark Sensex surged by 165 points on Tuesday on the back of smart rally in banking and select blue-chip counters, amid a recovery in European markets. Banking segment attracted good buying support on expectations of a rate cut by the U.S. Federal Reserve at its meeting on Tuesday, which might positively impact the local bourses, dealers said. Moving in a range of 15691.88 and 15468.80, the Bombay Stock Exchange (BSE) 30-share barometer ended at 15669.12, up by 164.69 points over Monday’s close of 15504.43. Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange recouped by 51.55 points to close at 4546.20 against the previous close of 4494.65. The market got a boost at mid-session after a smart recovery in European markets at opening. However, Asian indices ended steady to weak. Heavyweights such as Reliance, Grasim, Bharti Airtel, Reliance Energy, ONGC, M&M and L&T also attracted good buying. — PTI
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