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This is an archive article published on March 12, 2009

Sensex gains 183 pts; refinery,banks lead

After the market opened after two holidays,the BSE Sensex posted a gain of 183.35 points.

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The Bombay Stock Exchange benchmark Sensex on Thursday gained over 183 points amid investors indulging in catching up with the rise in the US stock markets and inflation declining to over a six-year low.

After the market opened after two holidays,the Sensex surged to 8,439.71 before winding up at 8,343.75,revealing a gain of 183.35 points.

The rally was led by Reliance Industries,Infosys Technologies and ICICI Bank,which carry nearly a 27 per cent weight in the index. Inflation fell to nearly a seven-year low of 2.43 per cent for the week ended February 28.

The 50-share National Stock Exchange index Nifty rose by 44.30 points to 2,617.45,after touching the day8217;s high of 2,646.50 points.

A steep fall in index-linked Bharti Airtel stocks by 6.37 per cent to Rs 550.30,after reports that the company CEO sold his entire holding,trimmed market gains.

A weak opening at the European stock markets this afternoon further checked the upsurge in the domestic stock prices and even reduced gains.

 

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