BSE Sensex crosses 17,000 mark

Mumbai, Sep 26: The 30-stock Bombay Stock Exchange (BSE) Sensex surpassed yet another milestone of 17,000 mark this morning.

The benchmark index of the Asia's oldest stock exchange created a sort of record by surpassing the 17,000 mark by achieving a gain of 1,000 points in 7 days, the shortest period so far.

The Sensex had crossed 16,000 mark on September 19 this year.

Backed by frenzied buying by foreign institutional investors (FIIs) in the last couple of trading sessions, since the US Federal Reserve announced cut in interest rates, fueled the share prices on the domestic bourses, leading brokers said.

Mirroring the bullish mood at the Dalal Street, the BSE Sensex opened at 16969.45 points, it crossed the 17,000 mark at 0956 hrs when it was quoted at 17,013.00 points, later it was quoted further high of 17,025.07 points. The Sensex came down slightly from the life time high and is currently being quoted at 16975.21 points, up by 75.67 points from the previous close.

The S&P CNX Nifty index which was also expected to cross 5,000 mark, however, was still behind the target and currently being quoted at 4971.05 points, still up by 52.20 points from the previous close.

Reliance Communication turned out one of the major stock to drive the Sensex to its life-time high followed by Satyam Computers, Tata Steel, Wipro, HDFC, Infosys, ICICI Bank, Hindalco, Cipla and Bharati Airtel.

UNI