Sensex regains 17k level

STOCKS-CLOSE

Mumbai, Nov 16 (PTI) The Bombay Stock Exchange benchmark
Sensex Monday jumped 184 points to close above the 17,000-
points level after government said that it would continue with
steps to stimulate the economy.

The Sensex shot up by 183.68 points to close at
17,032.51. The key index touched the day's high of 17,083.20
and a low of 16,893.11.
The benchmark rose above 17,000 for the first time since
October 21 and has gained more than seven per cent this month
on increased buying by Foreign Institutional Investors.
Foreign funds have bought shares worth nearly 15 billion
dollars so far this year.
Similarly, the wide-based National Stock Exchange index
Nifty shuttled between 5,073.20 and 4,994.00 before ending
with a gain of 59.10 points at 5,058.05.
Trading started on the upside thanks to firm global trend
and became bullish after the government said stimulus packages
to perk up the economy during the slowdown are not likely to
be withdrawn this fiscal.
The market received maximum support from stocks in
realty, auto, metal and refinery sectors. As the buying
activity spilled over a wide-front, 26 of the 30-BSE index
stocks closed higher and four settled in negative zone.
Steel and car makers stocks firmed up after the government
said sales of the alloy to auto manufacturers rose in the
first seven months of the fiscal year. PTI RS
RDM


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