| Sensex overtakes Dow, finally |
| Our Markets Bureau / Mumbai March 30, 2006 |
| Index closes at an all-time high of 11,183.48, against Dow's 11,154.54. The BSE Sensex today overtook the US equity benchmark index, the Dow Jones Industrial Average, when it closed at an all-time high of 11,183.48 points. The 30-share Dow, the oldest equity index, had closed at 11,154.54 points yesterday after a drop of 96 points in reaction to the interest rate hike by the Federal Reserve, talks of more hikes in the offing and the price of crude oil crossing $66 per barrel. The Sensex today gained 97 points to touch a new high, powered by leading pharmaceuticals and technology stocks. Strong fund flows coupled with expectations of strong fourth-quarter earnings aided the rally, dealers said. The Sensex has given a return of over 75 per cent over the past year (from 6,367.86 points to today |
