Recovering from early losses, the Bombay Stock Exchange benchmark Sensex today ended 74 points higher at a fresh six-week high on fag-end buying by funds in bluechips, particularly RCom and Sterlite Industries.
The 30-share index extended gains for the fifth straight session rising by 74.66 points to close at 17,412.83 points.
The barometer had opened lower and further fell to an intra-day low of 17,249.46 points due to profit booking.
Anil Ambani group company RCom rose to a four-month high after it decided to demerge its telecom infrastructure unit, Reliance Infratel, to create an independent entity. The stocks surged by 4.27 per cent to Rs 186.65.
Brokers said fresh buying mainly in realty and PSU sectors on the back of disinvestment news coupled with recovery in european markets boosted the market sentiment.
source..http://www.ptinews.com/news/717206_Sensex-rises-for-fifth-day--adds-74-pts
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