Business News
Sensex closes at 15-month high on positive global cues
Sep 7, 2009, 12:04 GMT
New Delhi - India's benchmark Sensex index Monday closed over the 16,000-point level for the first time this year, driven by strong global cues.
The 30-share Sensex of the Bombay Stock Exchange closed at 16,016.32, a level not reached since June 2, 2008.
The index gained 327.20 points or 2.09 per cent in the day's trade.
The broader 50-share S&P CNX Nifty of the National Stock Exchange gained 102.50 points or 2.19 per cent to 4,782.90.
Market analysts told the PTI news agency that the rally was backed by steep rise in stocks of realty, metal and banking segments on reports that shortage of monsoon rainfall might ease, improving the outlook of farm production and boosting buying in rural parts of the country.
The surge at the end of Monday's trading was mostly attributed to higher openings in European stock markets.
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