This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6097788.stm
The article has changed 5 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| India's Sensex breaks 13,000 mark | India's Sensex breaks 13,000 mark |
| (about 3 hours later) | |
| India's main stock index, the Sensex, has broken the 13,000 milestone and reached its best-ever finish on Monday. | |
| At close in Mumbai the 30-share index reached 13,024.26 - a gain of 117.45 points, or 0.91%, on last week's close. | |
| Shares were boosted by solid earnings from several key banks and technology firms, but analysts said investors may now take profits. | Shares were boosted by solid earnings from several key banks and technology firms, but analysts said investors may now take profits. |
| The index has now risen 36% in 2006, and has shrugged off a sharp slide in June to below 9,000. | The index has now risen 36% in 2006, and has shrugged off a sharp slide in June to below 9,000. |
| 'Beyond expectations' | |
| "Corporate earnings growth has been beyond expectations," said Krishna Kumar Karwa, managing director with Emkay Shares and Stock Brokers. | "Corporate earnings growth has been beyond expectations," said Krishna Kumar Karwa, managing director with Emkay Shares and Stock Brokers. |
| The Sensex, which reached a previous best of 12,994 points on 17 October, was boosted on Monday by aggressive buying by funds of stock in Infosys Technologies. | |
| The record level comes ahead of a Reserve Bank of India review of interest rates. | The record level comes ahead of a Reserve Bank of India review of interest rates. |
| The bank is expected to keep a key short-term rate unchanged. | The bank is expected to keep a key short-term rate unchanged. |