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This is an archive article published on September 11, 2010

Sensex,Nifty end at 32-month high

Buying was seen across-the-segment with the metal and banking sectors leading the pack.

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Bulls went on a rampage sending both the bellwether indices,Sensex and Nifty,to their 32-month high levels during the truncated week under review on heavy capital inflows following better-than-expected US jobs data late last weekend.

The market was closed on September 10 for 8216;Ramzan Id8217;.

Buying was seen across-the-segment with the metal and banking sectors leading the pack on receding fears over chances of a double-dip recession in US after last weekend8217;s employment data that beat market expectations,and also the price rise on the London Metal Exchange LMEX.

Surge in index-based stocks RIL,SBI,ICICI Bank,HDFC Bank,Tata Steel,Hindalco,Sterlite,Jindal Steel,Infosys,TCS,Bharti Air,ACC,BHEL,Lamp;T,HUL,Tata Motor and Maruti mainly contributed to the Sensex surge.

 

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