Sensex scales another peak as bank stocks gain
The market is poised to pick up even more speed ahead of company earnings for the quarter to March due starting next week.india Updated: Apr 04, 2006 17:09 IST
The share market put in another record-breaking performance on Tuesday, gaining 73.65 points, as overseas and domestic funds bought into mid-sized companies and bank stocks.
The dealers said the market was poised to pick up even more speed ahead of company earnings for the quarter to March due starting next week which are expected to shown strong growth.
The benchmark Sensex scaled new life-time highs at both intra day and closing levels for the second straight day.
After surging past the 11,700-point mark for the first time in the history and rallying nearly 145 points in the intraday trade, the BSE Sensex settled with a gain of 73.65 points at a new record closing high of 11,638.01.
The 30-share barometer index jumped to a new life-time high of 11,710.69 earlier in the trading session.
The NSE Nifty closed 9.85 points higher at 3,483.15, after surging to 3,508.25 in the intraday trade.