SPECIAL COVERAGE
CHANDIGARH

LUDHIANA

DELHI


THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS



M A I N   N E W S

Balle Balle: Bulls take Sensex to 20K, make Mukesh Ambani richest
Tribune News Service

Mumbai, October 29
Sensex breached the 20,000 mark today amidst expectations that the Reserve Bank of India (RBI) will ease interest rates thereby injecting more liquidity into the economy. Ahead of the RBIís mid-term credit policy tomorrow, shares of all major banks surged, propelling the index past the psychological mark before it slipped lower.

After hitting an all-time high of 20,024 levels, the Sensex closed at 19,977 levels, up by 3.8 per cent or 734 points.

In broader markets, the Nifty gained 3.6 per cent or 203 points to end the day at 5,905.

The Sensex took just 869 sessions to move from 10,000 points to 20,000 while it took 7,297 sessions to break the first 10k barrier. Of these, six 1,000-point rallies came this year alone.

Both Indian and foreign players have contributed to this rise. Indian institutional investors like mutual funds have invested Rs 16,748.7 crore, the FIIs have pumped in a lion's share of $26 billion.

The index scrips continue to shine increasing hopes of contra investors, who chase value. Todayís biggest gainer was Larsen & Toubro, which closed 10.3 per cent or Rs 400. Other gainers included HDFC, BHEL, ONGC, HDFC Bank, ICICI Bank, Reliance Industries, Reliance Energy and Tata Steel.

However, a few scrips did end up in the red. Mahindra & Mahindra at Rs 796 levels lost 0.7 per cent of its market capitalisation.

Back

 





HOME PAGE | Punjab | Haryana | Jammu & Kashmir | Himachal Pradesh | Regional Briefs | Nation | Opinions |
| Business | Sports | World | Mailbag | Chandigarh | Ludhiana | Delhi |
| Calendar | Weather | Archive | Subscribe | Suggestion | E-mail |