Quicktakes

Sensex crosses 4700 peak

MUMBAI: The bull frenzy on the stock markets continued unabated with the Bombay Stock Exchange Sensitive Index Sensex soaring by another 95 points to cross the 4700 level for the first time. Sensex closed at an all-time high of 4710.25 on Wednesday as the buying spree continued for the third day in succession.

Sensex opened firm in the morning session but dropped to a low of 4557.19 during mid-session. Marketmen saw the intra-day drop as a fresh buying opportunity and propelled the Sensex by 153 points to take it past the 4700-level.

2 bn World Bank loan for India

NEW DELHI: India is all set to get at least two billion dollars from the World Bank this financial year for various social development projects, following the easing of economic sanctions due to the restraint shown in the Kargil operations. New Delhi has already signed agreements with the international financial institutions for over 600 million dollars in the last one week.