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Sensex scales yet another new peak at 14,790.87 pts

The benchmark index shoots up by 126.61 points in early trade on the BSE on heavy buying by foreign funds.

business Updated: Jul 03, 2007 11:43 IST

Maintaining its upward spree, the benchmark index scaled yet another new intra-session peak at 14,790.87 points in early trade on the Bombay Stock Exchange on Tuesday on heavy buying by foreign funds in stocks of construction companies.

The 30-share index, Sensex, shot up by 126.61 points at 14,790.87 in the first five minutes of trading.

Similarly, the wide-based National Stock Exchange's Nifty rose by 39.25 points at 4,353.00.

Buying activity was more confined to construction and related company stocks like Tata Steel, ACC, and Grasim Industries.

Support also came in from major pharma company stocks.

Market observers said a bullish trend in global markets also influenced the trading sentiments in Mumbai.

First Published: Jul 03, 2007 10:32 IST