Sensex, Nifty touch record highs on foreign, local cues


Mumbai, Nov 24 (IANS): Positive foreign and local cues helped the benchmark index of Indian equities markets in touching a new record high of 28,514.98 points Monday.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) surpassed its earlier recorded high of 28,360.66 points hit Nov 21, on the first day of parliaments' winter session.

The markets were cheered up on the back of positive global news eminating out of the China and Europe, where stimulus programmes are going to be continued.

Healthy buying was observed in metal, banking, information technology (IT), capital goods and consumer durables while marginal pressure was seen in healthcare and fast moving consumer goods (FMCG) sectors.

The 30-scrip Sensitive Index of the BSE opened at 28,413.01 points, and was trading at 28,464.36 points (at 01.30 p.m.), up 129.73 points or 0.46 percent from the previous day's close at 28,334.63 points.

The Sensex touched a high of 28,514.98 points and a low of 28,394.48 points in the trade so far.

The S&P metal index gained by 257.12 points, bankex moved up by 169.12 points, IT index was up 168.94 points, capital goods index increased by 106.16 points and consumer durables index rose 89.37 points.

However, healthcare stocks were down 19.24 points and FMCG index dropped by 15.96 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) too touched a record high.

Nifty traded at a high of 8,529 points, but was seen range bound after that. It was up 38.70 points or 0.46 percent up at 8,516.05 points (1.30 p.m.).

 

  

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Title: Sensex, Nifty touch record highs on foreign, local cues



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