New high for Indian shares as Sensex crosses 16,000

Wednesday, 19 September 2007, 07:00 Hrs
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Mumbai: Indian shares jumped to a new high Wednesday with the key Sensex index surging past the 16,000 mark, buoyed by a positive global trend.

The 30-share benchmark sensitive index of the Bombay Stock exchange rose 429.85 points or 2.74 percent within minutes in opening trade, crossing the 16,000 mark. It hovered around 16,098.97, bettering its all time high of 15,868.85 on July 24.

It took 53 sessions for the Sensex to cross from the 15,000 mark to 16,000.

At 10.30 a.m. the Sensex was up 425.01 points or 2.71 percent at 16,094.13.

Similarly, the broader 50-issue National Stock Exchange index Nifty too hit its all time high, up 108 points or 2.38 percent at 4,654.55. The Nifty was trading up 120.45 or 2.65 percent at 4,666.65.

The top Sensex gainers were top carmaker Maruti Udyog, up 5.78 percent at 926.00, followed by the second largest private sector lender HDFC Bank, up 5.28 percent at 1,295.00 and top multi-utility vehicle maker Tata Motors, up 4.20 percent at 725.00.
Source: IANS
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