Monday, April 13, 2009

Sensex climbs 190 Pts To Nearly 6-Month High In Early Trade

. Monday, April 13, 2009

By stockOzone team

The Bombay Stock Exchange benchmark Sensex shot up by another 190 points to 10,993 points, highest level since October 15, in early trade today, extending its upward journey for the seventh session in a row on funds buying, driven by firming Asian markets.

The Sensex, which had gained nearly 13 points in the past six sessions, moved up further by 189.83 points, or 1.53 per cent to trade at almost six-month high of 10,993.69 in opening trade, highest since October 15 last year with all the sectoral indices trading in positive zone with gains up to 3.27 per cent.

The wide-based National Stock Exchange's Nifty also rose by 46.95 points, or 1.30 per cent, to 3,388.95 in opening trade.

Stock brokers said rally on the other Asian bourses on easing global recession concerns and weekend rally on the US markets boosted trading sentiment on the domestic markets.

Shares of Reliance Industrial Infrastructure, which had risen by almost 160 per cent last week on speculations of company's merger with Reliance industries, gained another 1.53 per cent to Rs 832 despite reports that Reliance Industries is denying such rumours.

The country's most valuable company, RIL, stocks gained 0.50 per cent to Rs 1,741.80.

Disclosure: Author does not own any of the stocks discussed here.





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