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Sensex crosses 3000 mark

MUMBAI MAY 15. Led by public sector enterprises stocks, old economy shares continued their upward march to the third session in a row, aiding the Sensex to break the crucial 3000-resistance level and end at the one-month high at 3012.97 on the Bombay Stock Exchange here today. Domestic financial institutions and operators reportedly made sustained purchases in several frontline and secondline counters on expectations that the market would move upwards after rising past the 3000-psychological level.

The BSE 30-share index opened moderately higher at 2996.67 and later improved further in narrow movements to end at 3012.97 against yesterday's close of 2993.94, netting a gain of 19.03 points.

Brokers said financial institutions have been continuous buyers in select blue chip counters. As a result, operators were attracted to make fairly good commitments in secondline stocks. — PTI

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