BSE Sensex crosses 16, 000 mark
Mumbai,
Sep
19:
The
Bombay
Stock
Exchange
(BSE)
Sensex
today
breached
the
magic
16,000
level
to
touch
an
intra-day
high
of
16,176.88
in
opening
trade
buoyed
by
the
US
Federal
Reserve's
announcement
of
a
50
basis
points
cut
in
fed
funds
rate
to
4.75
per
cent
from
5.25
per
cent.
The Sensex gained 405 points with no losers among the index stocks.
Maruti, HDFC and HDFC Bank gained around 4 per cent each to Rs 914, Rs 2,273 and Rs 1,278, respectively. ONGC, Bharti Airtel and SBI soared by 3.8 per cent each to Rs 883, Rs 863 and Rs 1,755, respectively.
Tata Steel and Reliance jumped by 3 per cent each to Rs 732 and Rs 2,117, respectively. Reliance Communicationsn and Mahindra and Mahindra moved up by 2.7 per cent each to Rs 552 and Rs 727 respectively.
Satyam, ICICI Bank, Infosys and BHEL soared 2.5 per cent each to Rs 432, Rs 949, Rs 1,845 and Rs 1,946, respectively. Wipro, Grasim, Tata Motors and ITC are up over 2 per cent each at Rs 454, Rs 3,330, Rs 711 and Rs 184, respectively.
The National Stock Exchange (NSE) Nifty also soared above the 4,600 levels to touch an intra-day high of 4,698.20.
ANI
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