Sensex gains over 100 points, ignoring inflation tidings

April 11th, 2008 - 5:48 pm ICT by admin  

(Third Lead)

Mumbai, April 11 (IANS) Ignoring the record high inflation levels, the Indian equities market closed in the green Friday, with investor confidence boosted by the growth in industrial production, and in tune with markets overseas. The market had opened in the green as per international cues. Though it fluctuated, it did not touch red during the day.

Banking, FMCG, IT and realty scrips witnessed selling even as oil and gas, power, metals and consumer goods were picked up.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened with a gain of 170.13 points at 15,840.56 and notched a high of 15,957.24 before closing at 15,816.98. It gained 121.88 points or 0.78 percent from Thursday’s close.

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