Sensex on a roll

Mumbai, June 5 : IT, capital goods and the auto sector kept up the growth tempo at the Bombay Stock Exchange, with the benchmark Sensex today rising by nearly 95 points, giving its best uninterrupted run of weekly gains in nearly four years.
The Sensex rose 94.87 points at 15,103.55, setting the stage for its 13th weekly advance, the longest since August 2005, as capital goods, information technology and the auto sector surged on brisk buying.

It touched the day's high of 15,257.30 points.

In a similar fashion, the 50-share National Stock Exchange index Nifty rose by 14.25 points at 4,586.90, after touching the day's high of 4,636.85.

The Sensex advanced 3.7 per cent this week as domestic funds attracted nearly 200 million dollars in the week ended June 3, a 55-week high, market sources said.

The key index has gained 85 per cent since this years low on March 9 on speculation that government stimulus spending worldwide might help to end the first global recession since World War II.

They said that the UPA victory in the general election and President Pratibha Patil's indication of greater overseas investment in her speech yesterday bolstered trading sentiment. PTI