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Sensex regains 18,000-points level after 2 years

The Bombay Stock Exchange benchmark Sensex on Wednesday regained the 18,000-points level after almost 25 months on aggressive buying by funds expecting good fourth quarter results by corporates.

The Sensex, which was on an upward march in the last three trading sessions, moved up further by 67.03 points or 0.37 per cent to 18,008.40 in opening trade, the highest since February 2008.

Similarly, the wide-based National Stock Exchange index Nifty rose by 19.80 points or 0.36 per cent to 5,385.80.

Stockbrokers said firming Asian markets also supported the uptrend on the domestic front.

The major gainers were Reliance Industries up 0.67 per cent to Rs 1,128.70, Reliance Infra up 0.69 per cent to Rs 1,093.55, ICICI Bank up 0.76 per cent to Rs 1,005.50, DLF Ltd 1.16 per cent to Rs 331.70, Tata Steel 0.89 per cent to Rs 691.60, Sterlite Industries 0.28 per cent to Rs 872.60 and ONG Corp 0.80 per cent to Rs 1,090.25.

Meanwhile, Japan’s Nikkei was up 0.35 per cent and Hong Kong’s Hang Seng index gained over 1.2 per cent in morning trade today.

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