Sensex zooms past 9,800 in early morning trade

Sensex zooms past 9,800 in early morning trade

By agencies   |   Friday, 27 January 2006, 08:00 Hrs
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MUMBAI: The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today soared past 9,800 level for the first time in a bullish trend during morning trade.

The rise was prompted by the upbeat mood in global markets together with renewed purchases by institutional investors.

The Sensex opened with a wide gap of about 79 points at 9,764.26 against previous close of 9,685.74 and later spurted to a new intra-trade peak of 9,809.69 before being quoted at 9,805.65 at 10.30 am, up by 119.91 points over Wednesday's close.

Driven by a strong overnight stocks rally on Wall Street, the market started on a strong footing and moved towards the magic 10,000 mark during early trade in line with a sharp upsurge in Asian markets.

Foreign Institutional Investors were believed to be heavy buyers after a slowdown in inflows in the last couple of weeks. Operators and retail investors also made fresh commitments on the opening day of new contract in the derivatives.

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