Monday, September 27, 2010

Sensex climb for day 2 to fresh 32-month high

STAFF WRITER 16:32 HRS IST

Mumbai, Sept 27 (PTI) The Bombay Stock Exchange benchmark Sensex today gained over 72 points to close at a new 32-month high on sustained buying by funds, particularly in metal stocks.

Powered by foreign fund inflows, the index closed 72.20 points higher at 20,117.38, a level last seen in January 2008.

The stocks in metal sector led the rally following a firm trend in the London Metal Exchange where base-metal prices spurted.

Strong markets across Asia also bolstered the sentiment here. Asian bourses rose after reports of increase in corporate spending and a big jump in orders for manufactured goods in the United States, world's largest economy.

The broad-based National Stock Exchange index Nifty rose by 17.35 points to settle at 6,035.65.

Tata Steel gained for the fourth and ended Rs 16.15 up at Rs 645.65 on expectations that the demand for the steel might rise.