Money on the markets

A maturing market amid the mayhem

Good run continues for Sensex

June 10, 2009

MARKETS SOUTHASIA STOCKSThe stock market rally continued today with the benchmark climbing 340 points to 15,467, taking cues form strong global markets.

The 50-share Nifty gained over 100 points to close at 4,655.

Leading the rally were L&T, Reliance Industries, HDFC Bank and BHEL.

Satyam shares hit a 10 percent upper circuit for the second day in a row and closed at 73.5 rupees. Tech Mahindra rose over 5 percent after an over 25 percent rally on Tuesday.

Among sectoral indices, capital goods, power and banking registered smart gains. However, the realty index traded weak and ended down over 1 percent with HDIL, Sobha Developers and DLF slipping.

Shares of Everonn Systems surged over 27 percent.  In some mid-cap action, Asian Hotels jumped 20 percent and Prism Cement gained 15.8 percent.

Investors seem to be optimistic about the stock market as of now. Do you think the Sensex will 16,000 this week?

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