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| Sensex surpasses the 17,000 mark |
| BS Reporter / Mumbai Sep 30, 2009, 11:12 IST |
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 The Sensex has crossed the 17,000 mark. The index had opened almost flat at 16,868 on the back of sedate global cues, what with the US markets closing marginally in the negative and the Asian markets opening flat with a slightly positive bias.
But the Indian markets have been on an upward trajectory since then, buoyed by banking, IT and oil and gas stocks.
The oil stocks are doing well on the back of the Oil India listing. The stock of OIL India is trading at a premium of 9% to the issue price of Rs 1050.
On a day of stellar gains such as this, the market breadth is obviously strong. There are 1,319 advancing stocks as against 762 declines.
SBI, Sterlite and ONGC are trading up between 1% and 2% each, while Sun Pharma, Bhel and Hero Honda are quoting up by upto 2%.
Tata Motors, NTPC and ITC have been among the few losers.
The Nifty is trading at 5053, up 46 points. SBI, Sterlite and Reliance Communication are trading higher between 1% and 2% each, while Sun Pharma, Sail and Tata Steel are trading up between 1% and 2% each.
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