Sensex regains 15K level after nine months

Mumbai, June 3 (PTI) India's sensitive index of the
Bombay Stock Exchange regained the 15,000 level in morning
trade Wednesday, after a gap of nine months, on increased
capital inflow by funds after a positive infrastructure data
for April fueled hopes of an economic recovery.

A firming trend in the global equity markets also
supported the rally on the domestic bourses, triggering
widespread buying.

The 30-share Sensex, which has surged 1,285 points in the
last five sessions, gathered 168.30 points Wednesday at
15,043.21 -- its highest level since early September last
year.

Similarly, the wide-based National Stock Exchange index
Nifty rose 47.50 points to 4,572.75.

Market analysts said trading sentiment was largely
bullish after six core infrastructure industries rebounded in
April, a 4.3 per cent increase year-on-year, raising hopes of
an economic recovery.

They said firming trends in the global markets, with
Asian shares at eight-month highs on signs of global recovery,
also buoyed on trading decisions in the domestic market.

The US Dow Jones Industrial Average had closed 0.22 per
cent higher Tuesday and Hong Kong's Hang Seng rose almost 2
per cent, while Japan's Nikkei gained 0.70 per cent in early
trade Wednesday.

Major gainers which supported the Sensex were, Reliance
Industries up 0.46 per cent to Rs 2,289.65, Reliance Infra by
1.25 per cent to Rs 1,259.95, RCom by 1.13 per cent to Rs
322.95, Infosys Technologies by 0.71 per cent to Rs 1,694.25
and Wipro by 1.43 per cent to Rs 396.95.

Further, ACC gained 3.51 per cent at Rs 812, Bharti Airtel
by 0.62 per cent at RS 805, ICICI Bank by 1.03 per cent
at Rs 740 and State Bank of India by 0.20 per cent at Rs
1,913.25. PTI