The Bombay Stock Exchange gained 45 points to end above the 10,000 level on funds buying metal and banking stocks amid the government pledging to boost economic growth and increasing optimism about the global economy.
The Bombay Stock Exchange gained 45 points to end above the 10,000 level on funds buying metal and banking stocks amid the government pledging to boost economic growth and increasing optimism about the global economy.
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The Sensex, rising for the fifth day, moved between 10,127.09 and 9,913.40 before ending with a gain of 45.39 points at 10,048.49. Over these five days, the benchmark gained 1,081.81 points.
Similarly, the 50-share National Stock Exchange index Nifty also rose by 26.40 points to 3,108.65. During the day the Nifty moved between 3,123.35 and 3,055.90 points.
Trading sentiment turned bullish after Planning Commission Deputy Chairman Montek Singh Ahluwalia said the county would need to introduce further measures to stimulate growth.
Production in six key industries, which account for a quarter of India s industrial output, rose 2.2 per cent in February from a year earlier, the government said. The measure rose 1.4 per cent in January.
The market received maximum support from front-runners like Reliance Communications, which rose 8.95 per cent, Tata Steel 9.13 per cent and Tata Motors 9.32 per cent. Reliance Industries, with the highest weight in the Sensex, and Infosys Technologies recorded hefty losses.
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