BUSINESS

Sensex crosses 5600-mark

MUMBAI DEC. 24. After an overnight correction, late bout of strong buying by institutional investors aided the Sensex to end almost at 46-month closing high at 5641.92 on Bombay Stock Exchange today. The BSE barometer that closed past 5600-mark for the first time since March 1, 2000, had finished the session at 5642.12 on that day.

The BSE benchmark 30-share index opened marginally higher at 5566.05 and thereafter remained trapped in a narrow range of 35 to 40 points before a smart rally at the fag end lifted it to the day's high at 5648.24. It ended at 5641.92 against yesterday's close of 5564.33, netting a rise of 77.59 points or 1.39 per cent.

Trading was marked by hectic buying by investors in the last 30 minutes with foreign institutional investors and domestic funds reportedly making heavy investments in blue chip counters on the last day of December Contract of Futures and Options.

After a surveillance review, the BSE will shift 179 stocks, including Essar Oil, ITC Hotels and Punjab Tractors, to `trade-to-trade' (T group) from December 30 to ensure market safety even as it decided to move 512 scrips from T group to rolling settlement.

The exchange has decided to move 512 stocks from trade to trade group to normal trading settlement from December 30 — PTI

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