Markets regain winning ways; Sensex up 240 points

Mumbai, Sept 15 (PTI) Markets on Tuesday shot up to a
new 15-month high, with the benchmark Sensex adding a hefty
over 240 points and the Nifty futures crossing 4,900-level on
reports of higher advance tax payments by some corporate.

After snapping a six-day rally Monday, the bellwether
index staged a sharp come-back rally to close higher by 240.26
points at 16,454.45, a level last seen on June 2 last year.

Similarly, the wide-based National Stock Exchange index
Nifty shot up by 83.50 points to 4,892.10 and almost touched
the 4,900-level at 4,899.45 during intra-day. The Nifty
Futures for September contract crossed 4,900-point level and
closed 4,908.90 in the derivative segment.

Marketmen said hectic buying were seen after reports
that advance tax payments by some big corporate were higher.
Market leader Reliance Industries shot up by Rs 33.20 to Rs
2,180.15. The second heaviest Infosys added Rs 19.50 to Rs
2,270.05. Leading private lender ICICI Bank rose by Rs 16.75
to Rs 842.30. The three scrip carry nearly 30 per cent weight
on Sensex.

Among the sectoral indices, realty, metal, bank and auto
led the rally and closed with handsome gains. (MORE) PTI RS
SDE


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