Thursday, November 22, 2007

Sensex Gains over 300 points


Just after the bell, the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 318 points at 18,844.- The 30-share index, which had lost nearly 76 points yesterday, shot up by 331.42 points to 18,857.74 in the first five minutes of trade.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) was up 103 points at 5,623.

Gains in the Sensex Index were led by Larsen & Toubro Ltd, Reliance Industries Ltd and Icici Bank Ltd.
Strong optimism among investors and firm Asian markets in current trades have helped the Indian market remain positive. The market may take a break from consecutive six-session losses. It had already witnessed a smart pullback towards Thursday's close, which is likely to help the sentiment turn positive.

However, foreign institutional investors (FIIs) remained net sellers of equities in the domestic market. On Thursday, US markets were closed due to the Thanksgiving holiday.

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