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Sensex zooms past 4500 mark
Mumbai, Oct 03: The bull run continued at the BSE today with Sensex crossing the 4500 mark, the highest in three years.
Hindustan Lever up 2.88 per cent at Rs 189.50 proved firm . While the company recorded a 9.9% fall in August sales, the market feels that the company could improve its performance in the coming days on the back of a sharp focus on power brands and a good monsoon. Other heavyweights Reliance Industries up 1.51 per cent at Rs 441.20, State Bank of India up 0.77 per cent at Rs 449.45 and ITC up 0.49 per cent at Rs 814.80 ruled firm as well. Hero Honda up 2.05 per cent at Rs 316.30, Tata Motors up 0.89 per cent at Rs 315.70 and Bajaj Auto up 1.04 per cent at Rs 822.90 moved steady on hopes of improved performances by auto companies in the coming months on the back of a good monsoon. The market had opened on a firm note on Friday with heavy gains in technology and PSU stocks. PSU stocks are trading strong anticipating some positive development from the CCD meeting later during the day. Bureau Report