Sensex soars 335 points, regains 10,000 level after 11 weeks

Mumbai, Mar 26 (PTI) The bellwether Indian Sensex soared
by 335 points to regain the 10,000 level after nearly 11 weeks
as bulls tightened their grip on hectic short-coverings on the
day the March settlement in derivatives was over.

Marketmen said the mood is now steadily turning in favour
of bulls on the back of positive developments.

Extending the rally to the fourth straight day, the
Bombay Stock Exchange 30-share barometer gained 335.20 points
or 3.47 per cent to settle the day at 10,003.10, the level not
seen since the first week of January.

The Sensex has jumped by a whopping 1,036.42 points or
11.56 per cent in the four-day rally.

Similarly, the National Stock Exchange's 50-share Nifty
finished above 3,000 at 3,082.25, a net rise of 97.90 points
or 3.28 per cent from the previous close.

In the Sensex pack, Tata Motors spurted by 7.94 per
cent, L&T by 6.10 per cent, Sterlite Ind by 5.97 per cent, TCS
by 5.94 per cent, BHEL by 5.85 per cent, Tata Power by 5.57
per cent, ONGC by 5.36 per cent, Maruti Suzuki by 5.07 per
cent, Wipro by 5.03 per cent and Tata Steel by 5.00 per cent.

Sustained buying by foreign institutional investors
(FIIs), which pumped in Rs 348.65 crore on March 25 as per
provisional data, mainly boosted sentiment.(MORE) PTI JCG
AM
NNNN