| Sensex picks up speed on road to 12,000 |
| Our Markets Bureau / Mumbai April 06, 2006 |
| Hectic buying took the Sensex well past the 11,700-point mark and the Nifty above the 3,500-point mark. The Sensex closed at 11,747, up 109 points and the Nifty at 3,511, up 27.75 points. The gains were higher at 0.94 per cent for the 30-stock index compared with the 0.8 per cent appreciation for the 50-stock Nifty on the National Stock Exchange. The sentiments were on a see-saw at the Bombay Stock Exchange on Wednesday as the index opened strong and then kept going for the first one hour and a half, stopping short of the 11,750-point mark, and started slipping. But all the losses were made good in the last two hours as the Sensex put on nearly 100 points on the back of what brokers reported to be strong domestic fund-buying. The Indian mutual funds were believed to be buying aggressively to accommodate the huge new fund collection and pumped in more than Rs 4,000 crore last month. |
