Friday, March 20, 2009

Sensex regains 9,000 level, Re rises 92 paise

Sensex regains 9,000 level, Re rises 92 paise
The Times of India, March 20, 2009, Page 19

Mumbai: In volatile trade, the benchmark sensex once again surrendered its initial gains but ended above the 9,000 mark on firm European opening, up by just 25.07 points. Mirroring the positive global cues, the Bombay Stock Exchange 30-share barometer initially touched a high of 9,086.77 but fell to 8,900.39 at midsession on selling. It ended above the 9,000 mark first after February 19. It recovered at the fag end on firm European opening to end at 9,001.75, a rise of 0.28% over the previous close.

Meanwhile, rupee on Thursday shot up by 92 paise, the biggest rise in the year 2009, to close at a threeweek high of 50.38/39 against the greenback following heavy dollar sell-off amid expectations of increased capital inflows. In active trade at the Interbank Foreign Exchange (Forex) market, the domestic currency opened sharply up at 51.04/05 a dollar from the previous close of 51.30/31. AGENCIES

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