The Hindu : Front Page : Sensex recovers 57 points

Online edition of India's National Newspaper
Tuesday, Dec 21, 2004

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Front Page

Sensex recovers 57 points

MUMBAI, DEC. 20. Share prices recovered smartly after taking respite for a day and the BSE Sensex rose by 56.52 points to close above the 6400-mark at 6403 on the Bombay Stock Exchange today on sustained buying by foreign funds.

Foreign institutional investors buying, who picked up shares worth Rs. 1,400 crores last week, remained net buyers in blue chip counters while local mutual funds also turned net buyers last week after being net sellers in the recent weeks.

The upsurge in the Sensex could be gauged by sharp to moderate rise in 25 out of 30 index-based scrips.

The easing of inflation rate from 7.30 per cent to 7.02 per cent also boosted the sentiment, dealers said.

The BSE-30 share sensitive index opened strong at 6360.11 against last Friday's close of 6346.48 and gradually moved up further to a high of 6409.52 before concluding at 6403.

Led by capital goods segment, pharma and metal shares attracted heavy buying from institutional investors leading sharp rise in these sectoral indices.

PTI

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