Investors gain Rs 90,000 crore as Sensex races past 17,000
Sensex closed above 17,000-mark for the first time in more than 16 months on Wednesday as overseas investors continued their buying spree. Banking stocks led the rally.
Investors are expecting strong earnings growth from India Inc, which starts reporting second quarter results next week.
The 30-stock Bombay Stock Exchange's (BSE) benchmark added 273.93 points, or 1.63 per cent, to finish at 17,126.84. It was the highest close for the index since May 21, 2008, when it ended at 17,243.16. It had opened at 16,868.46 and rose as high as 17,142.52 during the day.
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Investors are expecting strong earnings growth from India Inc, which starts reporting second quarter results next week.
The 30-stock Bombay Stock Exchange's (BSE) benchmark added 273.93 points, or 1.63 per cent, to finish at 17,126.84. It was the highest close for the index since May 21, 2008, when it ended at 17,243.16. It had opened at 16,868.46 and rose as high as 17,142.52 during the day.
To read the full article, click here...
To read the ePaper, visit: http://e.mydigitalfc.com
Labels: becnhmark. sensex crossed, benchmark index, first time, Investors, market, sensex, sensex gains, sensex points level, stock exchange
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12:46 PM
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