Sensex snaps losing streak to cross 15k

Written by Markets Bureau | Mumbai, Jun 11 | Updated: Jun 13 2008, 04:15am hrs
Snapping a three-day losing streak, the countrys benchmark equity indices recovered smartly on Wednesday mainly on the back of short-covering and value-picking in real estate, capital goods and bank stocks.

Favourable global cues meant that the 30-share Sensex of the Bombay Stock Exchange remained in positive terrain throughout the trading session, before closing above the psychological 15k-mark at 15,185.32 points, posting a gain of 296.07 points, or 1.99%.

The broader S&P CNX Nifty of the National Stock Exchange crossed the crucial level of 4.5k to end at 4,523.60 points, posting a gain of 73.80 points, or 1.66%. The hammered realty and bank stocks attracted investors attention, leading their corresponding sectoral indices on the BSE to gain the most on Wednesday, while FMCG shares, which rose in the past few trading sessions, saw some profit-booking.