A maturing market amid the mayhem
Sensex gains 1.8 pct, Satyam surges
The Sensex closed 186 points higher at 10,534.8, as strong Asian markets helped boost investor sentiments.
HDFC, L&T and Reliance Communications led the benchmark. Mahindra & Mahindra was the top index gainer, closing 14.2 percent higher.
Among sectors, the BSE Consumer Durables Index led with gains of 5.8 percent, followed by the capital goods index which was up 3.75 percent. All indices, barring the FMCG index, closed in positive territory.
It was a good day for Satyam shareholders, as the scrip surged over 13 percent to close at 45.15 rupees. It was also the top traded stock on the BSE with volumes of over 28 million shares.
There seems to be an improvement in market sentiment – it was the fourth straight session of gains for the benchmark. Do you think the rally is sustainable? Is 11,000 achievable this week?