Sensex up 139 pts at fresh 32-month high
The BSE benchmark Sensex today rose for the sixth consecutive session, adding 139 points to a fresh 32-month high on the back of fresh capital inflows amid a firming global trend.business Updated: Sep 14, 2010 16:55 IST
The BSE benchmark Sensex on Tuesday rose for the sixth consecutive session, adding 139 points to a fresh 32-month high on the back of fresh capital inflows amid a firming global trend.
The Sensex, which has gained almost 1,000 points in the last five trading sessions, advanced further by 138.63 points to 19,346.96 on Tuesday, its highest level since January 7, 2008.
In line with the bullish trend, the broad-based National Stock Exchange index Nifty crossed the 5,800 points level during trade, but closed 35.55 points higher at 5,795.55. During the session, it touched an intra-day high of 5,838.45 points.
The market sentiment has been buoyant ever since reports of higher industrial growth. The decline in wholesale price inflation has also fuelled the buying sentiment.
A mixed trend in the Asian region and a higher opening in Europe influenced the market sentiment to some extent.
In the 30-BSE index components, 19 stocks closed with gains, while 11 ended in the negative zone. The rally was led by the consumer durable, information technology and auto segments.
The consumer durable sector index gained the most, rising by 1.56 per cent to 6,047.75, while the information technology index advanced by 1.45 per cent to 5,804.72.
The second-heaviest scrip on the Sensex in terms of weightage, Infosys Technologies, a software services exporter that gets more than a fifth of sales from Europe, climbed for the seventh day to its highest level in at least 17 years after a forecast on faster European economic growth boosted confidence.
Infosys closed Rs 40.45 higher at Rs 2,975.95 today, after crossing the Rs 3,000-level during the day's trade.
However, a fall in metal, realty and power sector stocks partly reduced the gains.