Dateline New Delhi, Monday, Nov 28, 2005


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Sensex crosses 9000 mark

     Mumbai: The sensex crossed the 9000-mark and after touching an intra-day historic high of 9005.63, ended at a new closing peak of 8994.94 points at the BSE on frantic buying activity by FIIs. Operators and retail investors also made heavy buying, giving the index further boost. The BSE 30-share sensitive index opened firm at 8905.68 as against last Saturday's close of 8889.03 and thereafter skyrocketed to 9005.63. Later, it eased marginally on some fag-end profit selling but still settled at a new historic closing high of 8994.94, revealing a whopping 105.91 points or 1.19 per cent rise over the previous close. Sharp rise in shares from the capital goods segment helped the index to breach all previous records to end at new high, brokers said. Displaying the firm trend in this segment, BSE-CG shot up by 148.19 points to end at 5608.48 and with today's rise it spurted by a whopping 579.74 points or 11.53 per cent in the last six sessions. Maintaining their frantic buying spree, FIIs continued to pump in more funds into the Indian markets on hopes that the country's economic conditions and corporate fundamentals would continued to remain robust, brokers said. Firm global advices also aided the steep rise in shares prices to a large extent, another broker said.

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