Nifty at record high, touches 4,256.10 pts
National Stock Exchange's Nifty soars to hit an all-time high of 4256.10 points in early trade on the back of buying by funds along with short-covering.business Updated: May 21, 2007 12:47 IST
Picking up from the firm trend seen during most days of last week, the wide-based National Stock Exchange's Nifty soared to hit an all-time high of 4256.10 points in early trade on Monday on the back of buying by funds along with short-covering.
The Nifty index on the wide-based National Stock Exchange was up by 41.60 points to hit a new high of 4,256.10 in the first five minutes of trading. Previously, it reached an intra-day high of 4,245.305 points on February 8.
The BSE-30 share index, Sensex, which had gained 3 points in the previous trading session, was up by another 127.18 points at 14,430.59.
Stock brokers said firming global markets mainly triggered buying in heavy-weighted stocks by foreign as well as domestic funds on the bourses in Mumbai.
Most of the key sectoral indices were in the positive zone with sizeable gains, contributing support to the Sensex.