RIL pushes Sensex up by 60 points

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)

10 September 2009

Thursday 10 September, 2009.

RIL pushes Sens*x up by 60 points

Led by market leader RIL, the Bombay Stock Exchange benchmark Sens*x on Wednesday gained nearly 60 points to extend the winning steak to the fourth day in succession.

The 30-share index closed higher by 59.88 points at 16,183.55 after volatile trade on alternate bouts of trading.

In four days of trading, Sens*x has added 785.22 points.

Wider index Nifty on the National Stock Exchange rose by 9 points to 4,814.25.

Heavyweight Reliance Industries shot up by Rs 99.35 to Rs 2,174.50 as crude oil prices held their grounds which helped allay fears of company's revenue falling.

RIL has more than 14 per cent weight on the Sens*x.

Commodity stock Hindalco Industries, the biggest aluminum producer in the country, was another big gainer among the elite stocks at 4.14 per cent.

Marketmen said the uptrend in base-metal prices in the London Metal Exchange was reflected commodity stocks.

Sterlite Industries, the biggest copper and zinc producer, also rose by 1.03 per cent.