Money on the markets
A maturing market amid the mayhem
Sensex closes above 15000
The BSE Sensex seesawed today, erasing early losses of as much as 1.8 percent, and finally closed above the 15,000 mark on hopes of a revival in the economy. Higher European markets also helped lift investor sentiments.
The 30-share sensitive index of the Bombay Stock Exchange swung from an intra-day low of 14,601 to an intra-day high of 15,026, and finally closed 137 points up at 15,008. The fifty-share Nifty ended 0.93 percent up at 4572.
The main contributors to the benchmark’s rise were L&T, ICICI Bank, HDFC and Bharti Airtel.
The BSE Mid-Cap index continued its rally gaining 2.26 percent, while the BSE Small-cap index was up 2.23 percent.
Sensex bounces back, closes 1.47 pct higher
After a sharp drop yesterday, the Sensex managed to climb 1.47 percent, helped by strong Asian markets.
The benchmark also managed to post its first quarterly rise since December 2007.
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