Date:13/05/2008 URL: http://www.thehindu.com/2008/05/13/stories/2008051354141700.htm

Business

Sensex gains 124 points

MUMBAI: The Bombay Stock Exchange benchmark Sensex on Monday snapped its five-day long falling streak by gaining 124 points on emergence of buying by funds in all major stocks at the existing lower levels.

The 30-share Sensex, which had been on falling spree last week, opened lower but rebounded to record a gain of 123.83 points to 16860.90.

The key-index touched the day’s low of 16546.55 and a high of 16897.36 points.

Similarly, the wide-based National Stock Exchange index, Nifty, rose by 30.05 points to 5012.65, after touching a low of 4913.80 and a high of 5021.75.

The market rebounded on the back of a rise in oil and gas, information technologies, bank, FMCG, technology, metal and power sector stocks.

However, realty and auto sector stocks remained weak and influenced trading sentiment to some extent. — PTI