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  • Sensex up 311 points on FIIs buying

    Published on September 20, 2010

    The Bombay Stock Exchange benchmark Sensex on Monday moved closer to the psychological 20,000 points level by adding 311 points on sustained capital inflows.

    The 30-share barometer closed 311.35 points higher at 19,906.10 points, the highest close since January 2008.

    The index had risen 4.2 percent in the previous week.

    Similarly, the broad-based National Stock Exchange index Nifty spurted by 95.50 points to 5,980.45 points as the index in futures and option segment crossed 6,000 points level, suggesting more strength in the market.

    The upsurge was backed by reports that the gross domestic product expanded at a faster pace by 8.8 percent last quarter from a year earlier among major economies, brokers said.

    The foreign funds pumped in a net Rs 1,140 crore by purchasing Indian stocks on 16th September, taking total investments in equities this year to Rs 71,820 crore.

    A better trend in the Asian region and higher opening in Europe Monday afternoon further boosted the trading sentiment.

    Among the 30-BSE index components, 25 stocks closed with gains while five ended in the negative zone.


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