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Sensex rises 145 points, inches towards 17K



By Brajesh Jha
22 September 2009 @ 7:25 pm IST


A man speaks on a phone as he looks at a large screen displaying India benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India
A man speaks on a phone as he looks at a large screen displaying India benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. India's main stock market index, the BSE Sensex rallied for the fifth day in a row, closing 0.87 percent or 145.13 points higher on Tuesday, on the back of handsome gains logged by technology, finance and FMCG stocks. (Reuters Photo)
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Other major gainers were Larsen & Toubro (up 0.97 percent), NTPC (up 0.82 percent) and Grasim Industries (up 0.78 percent).

However, bucking the trend, telecom giant Bharti Airtel plunged 3.28 percent on reports that it might have to further sweeten its proposed $24 billion mega-merger with South African MTN.

Sensex heavyweights Reliance Industries and ONGC also ended on a weak note, tumbling 0.11 percent and 0.47 percent respectively.

Other losers were Jaiprakash Associates (down 2.67 percent), Hindalco Industries (down 0.58 percent) and Sterlite Industries (down 0.25 percent).

In the broader market, second-rung stocks kept pace with the benchmarks with the BSE Midcap and Smallcap indexes rising 0.74 percent and 1.05 percent to close up at 6216.99 and 7451.02 respectively.

All the sectoral indices closed in the green except Oil & Gas (down 0.03 percent). The biggest gainers were IT (up 1.91 percent), FMCG (up 1.63 percent) and Realty (up 1.02 percent).

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