A maturing market amid the mayhem
Market rises on short covering
Engineering firm L&T beat forecast with strong quarterly numbers. Its shares closed 2.3 percent up.
Ranbaxy Labs, which gained 4.2 percent, and Sterlite Industries, which rose 3.6 percent, topped the list of Sensex gainers. Bharti shares rose nearly 3.5 percent after a three- session fall.
The metals sector led the sectoral space as its index gained 2.7 percent. SAIL and JSW Steel gained over 6 percent each. Bankex registered a rise of 1.8 percent.
Ispat Industries, Unitech and Suzlon Energy were among the stocks most traded on the BSE.
Data released today showed the inflation rate was unchanged, leaving room for the Reserve Bank to cut rates and boost growth.
Do you think the Sensex can achieve the 15,000 mark anytime soon? Or will profit-taking hamper the rally?