Nifty at new high, Sensex up 112 pts

The Bombay Stock Exchange benchmark Sensex shot up by 112.61 points at 14,683.36 points following a significant rise in heavy-weight stocks.

Continuing with its record-breaking spree, the wide-based National Stock Exchange's Nifty touched an all-time intra-session high of 4,362.95 points in early trade on Monday on sustained buying by funds.

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Nifty climbed 65.90 points to hit the intra-day high of 4,362.95 points. It touched 4,325.80 points on June 1.

The Bombay Stock Exchange benchmark Sensex shot up by 112.61 points at 14,683.36 points following a significant rise in heavy-weight stocks.

Market observers said a growth in country's GDP of 9.4 per cent in 2006-07, the fastest in almost twenty years, buoyed the trading sentiments, helping indices to rise at a rapid pace.

They said firming global markets too positively impacted the trading sentiments in Mumbai.

Major gainers were Reliance Industries, Reliance Capital, Reliance Communications, Infosys, TCS, Maruti, MTNL, Tata Steel and State Bank of India.