Key Indian market index breaches 19,000

Monday, 15 October 2007, 19:30 IST
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Mumbai: Taking barely four trading sessions to scale 1,000 points, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) touched an all-time high of 19,000 points during intra-day trading Monday. This was the fastest jump of 1,000 points for the 30-share representative index. It was led by continuing buying interest from foreign institutional investors (FIIs), said analysts. It took the index eight days to climb 1,000 points from 17,000 to 18,000. Earlier, it took five sessions for it to move from 16,000 to 17,000, 53 sessions to move from 15,000 to 16,000 and 147 days from 14,000 to 15,000. The key index was trading at 18,996.30 points around 3 p.m., posting a gain of 577 points or 4.28 percent. With metals stocks hogging the spotlight, Sterlite Industries was the biggest gainer Monday, up 15.08 percent at 937.50. The other stocks that pulled the Sensex up included Reliance Energy Ltd, up eight percent, and Oil and Natural Gas Corp (ONGC) and Steel Authority of India Ltd (SAIL), up seven percent each.
Source: IANS