After nearly three months, the Bombay Stock Exchange benchmark Sensex regained the 10,000 point level on Thursday as speculators indulged in covering their pending positions amid firming overseas trends.
After nearly three months, the Bombay Stock Exchange benchmark Sensex regained the 10,000 point level on Thursday as speculators indulged in covering their pending positions amid firming overseas trends.
The Sensex, which has been on a four-day winning streak, added 335.20 points, or 3.47 per cent, to end at 10,003.10, a level last seen on January 5, as major market players and speculators indulged in covering their pending positions on expiry of monthly settlements in derivatives.
ADVERTISEMENT
Buying also picked up following reports of better-than-expected US economic data, and increased new home sales eased concerns on the economic crisis getting worse.
The Sensex touched the day's high of 10,061.36 and a low of 9,739.93 points amid choppy trading activity. Similarly, the 50-share National Stock Exchange index Nifty tested a three-month high of 3,100 points before ending with a gain of 97.90 points at 3,082.25. It moved between 3,103.35 and 2,982.25 points during the day.
Trading sentiment got support from reports of a further decline in inflation at home.
Inflation was down to 0.27 per cent for the week ended March 14 from 0.44 per cent in the previous week.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
