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Moneycontrol.com >> Message Board >> View Messages >> Market Strategy - Short Term
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Sensex surges 523 points on heavy buying (2)   18-Jul-08 18:12Tracked by (0)  
Posted by:   zoombusiness on ( 18-Jul-08 18:12 )
Continuing its upward march, the Bombay Stock Exchange benchmark Sensex today rose by 523 points on heavy buying supported by cooling crude prices and lower than expected inflation figures released by the government yesterday.

The 30-share BSE index, which had gained 536 points yesterday, shot up by another 523.55 points to close at 13,635.40 points, after touching the high of 13,684.27 on brisk buying in heavy-weight stocks led by bank, realty and capital goods sectors.

A major push to the upsurge was extended by banking sector by gaining the most 461.29 points at 6,188.89, followed by capital goods sector by 384.50 points at 11,146.51.

The wide-based National Stock Exchange's index Nifty also soared to cross 4,000 level and settled at 4,092.25 points, a gain of 145.05 points over the previous close. It touched the day's high of 4,110.55 and a low of 3926.30 points. -ET-

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