Date:13/12/2007 URL: http://www.thehindu.com/2007/12/13/stories/2007121357381800.htm

Business

Equities forge ahead

MUMBAI: The benchmark Sensex on Bombay Stock Exchange on Wednesday shrugged off initial hiccups to close at another peak of 20375.87 on the back of good buying support from retail as well as institutional investors.

The market started on sluggish note on global sell-off due to overnight U.S. central bank’s slashing of 25 basis points in interest rates. According to brokers, the rate cut was not encouraging and has already been factored in earlier calculations.

The Bombay Stock Exchange barometer Sensex finally settled at 20375.87 points, a rally of 84.98 points over Tuesday’s close of 20290.89. — PTI