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Sensex hits 7,000 mark
By agencies
|
Monday, 20 June 2005, 19:30 IST
MUMBAI: The benchmark sensitive index zoomed to cross the 7000 mark level at the mid-session on the back of a volatile movement in the Reliance company stocks led by Reliance energy and Reliance Capital.
The two leading companies, which are in Anil Ambani's fold, were star performers with Reliance Energy gaining by impressive Rs 115 at Rs 705.90, an all time high. Reliance Capital also notched up Rs 65 at Rs 308.
The market turned extremely bullish on multiple bulk deals in Reliance pack of shares amid government's decision to hike petrol and diesel prices.
The market which commenced on strong footing with the sensex reaching close to 7000 level at 6996 on aggressive trading in stocks of Reliance companies, as major market players executing notable block deals.
At mid-session, the Reliance Capital was the upcoming stock recording amazing 1197 block deals on both the leading bourses and Reliance Energy recording 186 block deals.
Reliance industries and IPCL, both with the elder brother Mukesh Ambani, witnessed as many as 625 and 370 bulk deals respectively.