Sensex makes a great start in new year
Mumbai: The New Year for stock market has begun on a high note, with the BSE Sensex closing within sight of the 6000 mark and the NSE Nifty inching closer to 2000. The main driver for today's rise in stock prices was the reports of the 8.4 per cent GDP growth in the second quarter, brokers said. The market opened firm in the morning and as the day progressed, further buying kept the market firm. At close, the BSE Sensex gained 76.51 points (1.31 per cent) to close at 5,915.47 and the NSE's S&P CNX Nifty closed at 1,912.25, up 32 points (1.71 per cent).

Buying interest was also seen in several mid-cap and small cap companies on expectation of strong corporate performance for the quarter ended December. Brokers said the much-needed correction was overdue for some time, but the strong buying even at higher levels was keeping even some sellers away from the market. "There is concern that if investors sells the shares, they may not get the shares at lower levels and this is keeping the stock prices firm," said a dealer with a foreign broking firm.
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Spot Re firm at 45.60/$
Mumbai: The spot rupee was quoted at 45.60 per dollar, in early morning deals, slighty up from the last close of 45.6025.
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