Date:15/06/2007 URL: http://www.thehindu.com/2007/06/15/stories/2007061502671800.htm

Business

Global rally lifts Sensex

MUMBAI: Strong global rally revived the Bombay Stock Exchange, whose benchmark index (Sensex) advanced by 201 points on Thursday on aggressive purchases by institutional investors. The market had fallen by 128 points on Wednesday.

The BSE 30-share index opened firm at 14087.91 and gradually moved upward to 14219.24 before ending at 14203.73. Similarly, the S&P CNX Nifty shot up by 56.95 points to 4170 from 4113.05.

Market players said the bourses took a cue from the sharp turnaround in Asian markets, indices of which were nearly one to three per cent up. Foreign institutional investors were believed to be covering short positions in futures after pumping in about Rs. 545 crore in the cash segment on June 12. Shares of metal and capital goods segments were in the limelight. A sharp surge in metal prices on LME on Wednesday prompted a rally on the domestic metal exchange. — PTI