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Sensex scales new height on buying by funds

Sensex scales a new peak at 18,814 points on the BSE on strong buying by funds in heavy-weight stocks led by capital goods and metal sector.

business Updated: Oct 11, 2007 17:12 IST

Inching towards another milestone, the benchmark Sensex scaled a new peak at 18,814 points on the Bombay Stock Exchange on Thursday on strong buying by funds in heavy-weight stocks led by capital goods and metal sector.

The 30-share Sensex, which has been on a record setting spree for the last few sessions, rose by 155.82 points at 18,814.07, inching closer to the new peak at 19,000 points.

The BSE barometer, also touched a new intra-day high at 18,832.65 points before slipping back to 18,536.97 points during the day.

As the trading activity gathered momentum, the wide-based National Stock Exchange index Nifty scaled a new peak over the 5,500 points level. It added 83.40 points at 5524.85, after touching an intra-day high of 5,532.75 and a low of 5,424.25.

The major support to the market came in from Capital goods segment which shot up by 456.65 points at 17,088 followed by the metal sector index that rose by 389.12 points at 14,832.64.

Realty index also climbed 269.37 points at 10,214.15 and PSU index rose 262.79 points at 8778.14.