The Bombay Stock Exchange benchmark
Sensex on Friday pared a big chunk of gains posted in early trade
but still managed to end the higher by 94 points to extend the
winning streak for the third consecutive day.
A sudden spurt of buying towards the fag end of trading, sparked by the government`s decision on Thursday to divest 10 per cent in all listed companies, pushed the benchmark Sensex up by more than 150 points to regain the 16,000-level after three days.
BSE benchmark Sensex continued to lose ground for the second straight day, declining by another 154 points in morning trade, as the market adopted a cautious approach ahead of the RBI`s quarterly policy review and on weak Asian cues.
Industry body Assocham has projected that the key index of Bombay Stock Exchange is likely to touch 20,000 mark by January, 2010, on the back of rising business confidence of investors and FIIs in India.