IT Capital Goods Shine

Thursday, May 15, 2008 | | |

The market extended gains in late trade on buying frenzy in index pivotals. Shares from real estate, software and capital goods were at the forefront of the rally. A cooling off of crude oil prices, which had soared to record high near $127 a barrel earlier in the week, and firm Asian markets, supported the market sentiment. European markets, which opened after Indian markets, recovered after shaky start and were trading flat.

The 30-share BSE Sensex surged 381.36 points or 2.25% at 17,359.71, as per provisional closing. It opened 137.84 points higher at 17,116.19. The barometer index hit a high of 17,366.19 in late trade. At the day’s high, Sensex gained 387.84 points. Sensex rose 121.03 points at day’s low of 17,099.38 touched in early trade.