BSE Sensex closes over 338 points

Posted Date: 06-Sep-2010	Category: Stocks Market	Rating:
Author: naduvilmadam	Member Level: Gold	Points: 3

The Bombay Stock Exchange (BSE) Benchmark Index, Sensex today raised by over 338 points and closed at 18560.05 points or 1.86% over Friday closing, the highest level in two-and-half years. Analysts say this as due to the better-than-expected jobs data from the US allaying concerns that global economic growth is somewhat faltering. The data released did not paint a gloomy picture. The raise in the index was attributed to a smart rise in metal and banking stocks.

Mumbai, Sep 6

The Bombay Stock Exchange (BSE) Benchmark Index, Sensex today raised by over 338 points and closed at 18560.05 points or 1.86% over Friday closing, the highest level in two-and-half years. Analysts say this as due to the better-than-expected jobs data from the US allaying concerns that global economic growth is somewhat faltering. The data released did not paint a gloomy picture. The raise in the index was attributed to a smart rise in metal and banking stocks.

The National Stock Exchange (NSE) Nifty also rose by 1.78% and closed at 5576.95 points. Reliance Industries Ltd, which holds the maximum weightage in the Sensex rose by nearly 3% to close at 953.20 Banking counters also witnessed hectic buying.

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