Sensex Betters Record High On Capital Inflows
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The BSE benchmark Sensex today rose by 13 points to record closing high of 22,715.33 on sustained buying by funds in bluechips in a volatile session amid firming global trends.
Riding high on IMF growth forecast, the 30-share index today touched new all time high of 22,792.49 in early trade.
However, profit booking emerged later pulling the index down by 57 points to a day's low of 22,644.43 points. Finally, the barometer settled at 22,715.33, up by 12.99 points or 0.06 per cent.
Brokers said the market continued to lure foreign investors on growth prospects and pumped in Rs 60,000 crore this year so far, considering India a more attractive among emerging markets.
They said a firming trend in the Asian region and a higher opening in Europe as minutes from the Federal Reserve?s last meeting eased concern about when interest rates will increase, further fuelled the sentiment.
On similar lines, the broad-based Nifty of the National Stock Exchange climbed to an all-time high of 6,819.05 before settling 0.20 point up at 6,796.40, also a record closing level.
In 30-BSE index components, 16 stocks gained while 14 ended with losses.
Reliance Industries, State Bank of India, Axis Bank, Tata Motors, Tata Power and HDFC Ltd were among major gainers.
The power sector index gained the most by surging 2.52 per cent to 1,785.77 followed by capital goods by 1.61 per cent to 12,326.55. Realty index rose by 1.25 per cent to 1,552.79 and PSU index by 0.98 per cent to 6,531.05.