Sensex rises, Nifty crosses 4,800-mark

Mumbai: The Bombay Stock Exchange benchmark Sensex jumped over 100 to close at 16,123.67, which is 100 per cent gain from its lowest level this year.

Extending the gains for the third day in a row, the 30- share Sensex advanced by 107.35 poins to close at 16,123.67.

Following the global financial turmoil, the markets had lunged to 8,047.17 points on March 6.

Investor sentiment today got a further boost from positive trends across Asia. Besides, expectations of strong quarterly earnings and signs of a stability in global economy bolstered their confidence.

In similar fashion, the wide-based National Stock Exchange index Nifty crossed the crucial 4,800-point level to lose higher by 22.35 points at 4,805.25.

Buying was more or less confined to fundamentally strong stocks. As many as 15 shares in the 30-BSE index closed with significant gains, while the other 15 closed lower. Hindalco, Sterlite were the two big gainers at 6.05 per cent and 4.78 per cent respectively. Market leader Reliance was up by 3.73 per cent.

IT major Infosys Technologies ended up as a loser at 1.05 per cent.