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Reliance Industries

Anil Vaidya at 09:41 PM - Mar 17, 2010 ( )

Key stock indices rose to their highest levels in nearly two months today, led by sharp gains in index heavyweight Reliance Industries and Larsen and Toubro. The Bombay Stock Exchange (BSE) Sensex rose 1.27 per cent, or 218 points, and the S&P CNX Nifty of the National Stock Exchange (NSE) rose 1.35 per cent, or 69 points.

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Anil Vaidya at 09:42 PM - Mar 17, 2010 ( )
Stock indices have been moving in a narrow range since the beginning of this month in the absence of cues. The volatility index has also been at its lowest level (around 20) since it was launched in 2007, indicating lack of investor interest.

Anil Vaidya at 09:41 PM - Mar 17, 2010 ( )
The Sensex closed the day at 17,383 while the Nifty was last traded at 5,198, above its crucial resistance level. According to market players, the indices may witness a breakout rally from here.

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