Sensex hits all-time high of 21,373 points | business | Hindustan Times
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Sensex hits all-time high of 21,373 points

business Updated: Jan 23, 2014 16:48 IST

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The BSE benchmark index Sensex on Thursday closed at fresh record high of 21,373.66 points by gaining 35.99 points on funds buying driven by strong corporate earnings by Larsen & Toubro and housing finance major HDFC.

The barometer rose further by 35.99 points, or 0.17%, to settle at new all-time high of 21,373.66, just a day after it scaled the peak of 21,337.67 points. In the previous three sessions the 30-share index has gained 274 points.

The gauge still remained a little away from an intra-day high of 21,483.74 touched on December 9 when the results of Assembly elections were announced. It touched an intra-day high of 21,409.66 on Thursday.

The broad-based National Stock Exchange index Nifty rose by 6.70 points, or 0.11% to 6,345.65, after touching a high of 6,355.60.

Brokers said trading sentiment remained bullish on steady inflow of corporate earnings by bluechips, latest by Larsen and Toubro.

Attractive third quarter earnings were announced by HDFC, Amara Raja Batteries and Torrent Pharma this week.

Larsen and Toubro surged 2.81% to Rs 1,033 after the company posted better than expected profits for the third quarter ending December 31.

They said the buying activity was so strong that poor performance in global markets failed to influence the sentiment.

However, fall in Reliance Industries and Mahindra & Mahindra (2.82%) restricted the gains, they added.

In 30-BSE index components, 14 stocks gained while 16 ended lower.

The consumer durable index gained the most by rising 2.33% to 5,726.80 followed by capital goods index by 1.84% to 9,889.53.

The FMCG index rose by 0.14% to 6,606.82 and healthcare index by 0.12% to 10,329.94.