Sensex at 12k high point; RIL acts as major prop Thursday, April 20 2006 15:19 Hrs (IST) - World Time -
Mumbai:
The country's stock market benchmark sensex today (Apr 20, 2006) crossed the crucial 12,000 points level on brisk buying in index heavyweights like Reliance, Tata Steel and Tata Motors.
The 30-share sensex covered the 1,000 point journey from 11K mark in 16 trading session on the back of surging stocks in software, cement and steel shares.
Heavy trading in the counter of Reliance Industries, which carries the second heaviest weight on the index, helped push sensex higher. Reports said RIL has struck one billion barrel oil well in KG basin.
The market barometer closed over 10,000 points level on February 7 and reached the 11,000 level on March 27. It took just 16 trading sessions to reach the current level.