Markets Close Above 19K

DSIJ Intelligence / 13 Sep 2010

 Post Market Summary

Bolstered by a better-than-expected industrial production numbers in July and strength across the global markets, the Sensex surpassed the 19k mark at the very onset of the trading session and rallied further to end at the day's highs. All the sectoral indices closed the day in green. The main gainer this trading session is the Banking Index closing the day with a gain of more than three percentage points followed by the Oil & Gas and Realty indices gaining more than two percentage points. The Sensex closed the day in green gaining 408.67 points or 2.17 percentage points to close at 19,208.33.  Nifty ends the day at 5760.00 gaining 119.95 points or 2.13 percentage points. Market breadth was positive with 1,510 advances against 1,449 declines on BSE. On the global front, European stocks climbed to a four- month high as regulators announced new capital rules for banks, while economic reports from China and Europe boosted confidence in the recovery. Asian shares and U.S. futures rose.

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