The Telegraph
Since 1st March, 1999
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Sensex surges past 4400-mark

Mumbai, Sept. 8: The BSE-30 share sensex breached the key 4400-mark resistance level and scaled a 31-month peak at the stock exchange today. The rally at Dalal Street was led by index heavyweight Reliance Industries, which alone contributed 30 points to the sensex.

Spurred by all-round buying by foreign funds and retail operators, the sensex closed at 4434.25 — up 65.08 points from last Friday’s close of 4369.17. The sensex had opened at 4399.61 and rallied to a day’s high of 4444.62.

It was the third straight session for sensex to clock gains. Pharma major Pfizer’s counter also hogged the limelight today. The scrip gained by Rs 60.15 to close at Rs 460.05.

Equities continued to be on the roll, led by pharma counters, which spread to other shares, as bulls took a vice-like grip of the market, dealers said. Technology counters also joined the rally. Among the other gainers were ITC, Grasim, SBI, Telco, &T, HPCL, HCL and Infosys.

The broad-based BSE-100 index also shot up by 32.91 points to 2329.69 from previous close of 2296.78. The volume of business was relatively low at Rs 1,989.33 crore from Rs 2,097.64 crore. Reliance clocked a turnover of Rs 155.33 crore followed by Satyam Computer (Rs 135.98 crore), Infosys Tech (Rs 114.64 crore), Tisco (Rs 92.07 crore) and HPCL (Rs 52.43 crore).

SBI gained by Rs 7.60 to close at Rs 442.85, Reliance by Rs 16.80 to Rs 436.30, Satyam Computer by Rs 8.20 to Rs 260.70 and Infosys by Rs 41.40 to Rs 4246.90.

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