Saturday, June 5, 2010

Sensex extend gains for third day led by FMCG, auto

STAFF WRITER 16:27 HRS IST

Mumbai, June 4 (PTI) The Bombay Stock Exchange benchmark Sensex rose by over 95 points today on heavy buying of FMCG and auto stocks.

The Sensex, which gained 450 points in the last two trading sessions, advanced further by 95.36 points to 17,117.69 after touching a high of 17,150.42. The gauge has risen for the third straight day and 1.4 per cent this week.

The wide-based National Stock Exchange index Nifty rose by 25 points to 5,135.50, after touching the day's high of 5,147.90.

The upsurge in the market was backed by strong demand for Hindustan Unilever, a household products maker, which climbed to a four-month high after its board said it will consider buying back shares.

The index-related Hindustan Unilever, a unit of the world?s second-largest consumer-goods maker, advanced 1.74 per cent to Rs 251.50, near its highest close since January 28.

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