Bulls take over Indian financial markets

Wednesday, 26 December 2007, 08:00 Hrs
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Mumbai: Bulls overcame their traditional yearend weakness, taking the key Indian stock market index past 20,000 points within half an hour of the start in trading.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange opened up 87 points at 19,940.96, against the previous close of 19,854.12 points.

The broader 50-share S&P CNX Nifty index of the National Stock Exchange opened up at 5,988.45 points, against the previous close of 5,985.10 points. The Nifty also crossed 6,000 points in early trade.

Taking clues from firm international markets and buying support from mutual funds, the market was treading in the positive zone.

Sensex was up 113 points at 19,966.66 points and Nifty gained 32 points, trading at 6,016.90 points in early trade.
Source: IANS
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