Sensex reaches new peak, closes at 15,732 points
The brokers say the market can reach the milestone of 16,000 points in a shortest thousand points journey.business Updated: Jul 23, 2007 17:49 IST
The benchmark Sensex ended at a new peak of over 15,732 points on Monday on aggressive buying by funds in blue-chip stocks in capital goods and realty sectors.
Buying activity gathered momentum in last half-an-hour of trading and shot up by 166.65 points to close at 15,732.20 after the finance minister said enough funds are available with for infrastructure sector, road construction, power projects and ports.
The Sensex touched an intra-session peak of 15,773.37 points and a low of 15,477.91.
<b1>Similarly, the wide-based National Stock Exchange's index Nifty settled at 4619.35, a gain of 53.40 points, after touching an intra-session high of 4,628.45 and a low of 4547.20.
The bourses, which had commenced the day a little lower in line with weakening global stock markets, picked up in the last 30 minutes of trading, brokers said.
They said the market can reach the milestone of 16,000 points in a shortest thousand points journey.
The shortest 1,000-point leap as of now is of just 19 trading sessions that the Sensex took to scale 12,000 level in April last year.
Capital goods index gained the most by rising 526.12 points at 13,596.20, followed by realty index by 196.26 points at 8379.28. PSU index rose by 113.01 points at 7217.80, oil and gas index by 99.09 points at 8210.63 and metal index by 93.90 points at 12,305.