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Sensex closes at new high

Continuing its record breaking spree, Sensex today closed once again at a new peak of 9,648.08.

business Updated: Jan 04, 2006 18:21 IST

Buoyed by persistent heavy buying by foreign funds and well supported by retail investors, the Sensex on Wednesday zoomed by a whopping 109 points to end at a new peak of 9,648.08 on the Bombay Stock Exchange (BSE).

The Benchmark 30-share index opened the day on a weaker note at 9,523.29 points as against Tuesday's close of 9539.37, but shot up to touch an intra-day peak of 9,664.94. Thereafter, it softened on select selling and closed at 9,648.08, showing a steep rally of 108.71 points or 1.14 per cent over the previous day's close.

FIIs, which made a net investment of Rs 477.70 crore on Monday, continued to purchase heavily and retail investors also made good buying on hopes of robust third quarter results by corporates to be declared next week, brokers said.

Market sentiment was also cheered up by firm global advices along with slight fall in crude oil prices.

Dow Jones Industrial Average firmed up by 129.91 points and the Nasdaq Composit Index closed by 38.42 points. In Asia, Nikkei rallied by 250.11 points, Hang Seng by 255.29 points and Taiwan by 24.67 points and Singapore ST by 14.77 points.

Among newly listed scrips, PVR Ltd and Ramsarup Inds. closed at Rs 295.00 and Rs 83 respectively as against the issue price of Rs 225 and Rs 60.

The notable gainers which lifted the index to record high were RIL, InfosysTech, Satyam, ITC, Tata Motors, SBI, NTPC, TCS, Wipro, L&T, HDFC, HDFC Bank, BHEL, Bajaj Auto, ACC and Grasim.

First Published: Jan 04, 2006 10:19 IST