Business Standard

Sensex up over 500pts; Rel Infra, ICICI soar 7%

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BS Reporter Mumbai

The Sensex opened with a positive gap of 494 points at 14,978 on the back of positive vote from the NSG. The index soon crossed the 15,000-mark and touched a high of 15,107, and is now up 539 points at 15,023.

The market sentiment is also boosted by positive news flow from the US. The US government yesterday announced its plans to acquire Fannie and Freddie - the two companies hit badly by the suprime crises.

Reliance Infrastructure has soared nearly 7% to Rs 1,086. ICICI Bank has surged 6.7% to Rs 733.

NTPC has rallied 6% to Rs 184. BHEL and Larsen & Toubro have gained around 5.5% each at Rs 1,825 and Rs 2,762, respectively.

 

HDFC and HDFC Bank have advanced over 5% each to Rs 2,398 and Rs 1,310, respectively.

Jaiprakash Associates has moved up 4.8% to Rs 176. Tata Power, SBI and DLF have added around 4.5% each to Rs 1,128, Rs 1,585 and Rs 515, respectively.

Ranbaxy, however, is down 0.8% at Rs 447.

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First Published: Sep 08 2008 | 11:08 AM IST

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