Sensex, Nifty scale over 6-week highs as bank stocks rally
Key benchmark indices reached their highest closing level in more than six weeks on data showing heavy buying of Indian stocks over the past few days by foreign funds.
Intraday volatility was high. The barometer index, BSE Sensex, rose 95.27 points or 0.57%, up 127.30 points from the day's low and off 49.47 points from the day's high. The market breadth was negative.
Cigarette major ITC dropped on profit taking after reporting strong Q3 results. IT major Wipro rose after strong Q3 results.
The Sensex has jumped 1,284.09 points or 8.3% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 3,072.13 points or 15.50%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,603.15 points or 10.59%.
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