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| Sensex rises up by 214 points |
| Sensex rises up by 214 points on Monday
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| INDIA
, 19-March-2007
10:6:32 AM |
| The benchmark Sensex bounced back by over 214 points on the Bombay Stock Exchange on Monday on revival of buying by funds in heavy-weight stocks such as Reliance Industries.
The Sensex, which had lost over 113 points on Friday, recovered by 214.59 at 12,644.99, after touching a day's high of 12,655 points as funds purchased refinery stock led by RIL on the index, after crude oil traded near a six-week low, easing concerns of higher losses of refiners.
Similarly, the wide-based National Stock Exchange index Nifty spurted by 70.35 points at 3678.90. It recorded day's high level of 3683.35 and a low of 3602.85 points.
With a surge in refinery stocks, oil and gas index gained 103.27 points at 6152.57, while capital goods index gained the most by 173.79 at 8508.75.
Crude oil traded near a six-week low in New York after China's government raised interest rates over the weekend to slow demand in the world's second-largest oil user.
Refinery segment major and Sensex-related Reliance Industries shares gained Rs.14.20 at Rs.1314, followed by ONGC by Rs.30.85 at Rs.793.05.
GAIL rose by Rs.12.15 at Rs.271.70, Bharat Petroleum by Rs.6.05 at Rs.306.35 and Indian Oil Corp. by Rs.5.55 at Rs.404.80.
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