COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Sensex soars by 160 points

The Bombay Stock Exchange opened on a buoyant note on Monday morning on reports that 'Islamic militants' have begun withdrawing from Kargil at a brisk pace. The positive mood was so intense that within minutes of the opening of trading, the 30-share benchmark index, the Sensex, soared by over 100 points from Friday's close.

By 1230 hours IST, the Sensex was up 160 points or 3.66 per cent at 4522.

Dealers said the sentiment was firm but a correction was expected towards the close. They said profit-booking was also expected at higher levels.

Commodity and cement counters were in the limelight. Most of the aluminium stocks hit the upper limit of the circuit-breakers. Pivotals were steady, posting marginal gains.

Business news