Sensex up 60 points in early trade
The benchmark index scales yet another high of 15,106.25 points on sustained buying by funds in heavy-weight stocks.business Updated: Jul 10, 2007 10:26 IST
The Bombay Stock Exchange benchmark index rose by over 60 points to scale yet another high of 15,106.25 points in early trade on Tuesday on sustained buying by funds in heavy-weight stocks.
The BSE-30 share Sensex, which closed at 15,045.73 gaining over 81 points on Monday, gathered another 60.52 points to scale the record intra-session high of 15,106.73 in the first five minutes of trading.
Similarly, the wide-based National Stock Exchange's Nifty was up by 12.45 points to touch new intra-session high of 4431.85.
Market observers said expectations of strong first quarter earnings from Infosys Technologies and other companies mainly buoyed the trading sentiments.
Most of index-related stocks such as State Bank of India, HDFC Bank, Maruti Udyog, Tata Motors, Larsen and Toubro and Grasim Industries were in the positive zone with sizeable gains, lifting the Sensex.
Meanwhile, stocks of Ankit Metal and Power were listed at Rs 36.65 against the offered price of Rs 36.