Sensex closes at new record high of 10,565.47
A day after the Union Budget, the BSE benchmark 30-share index registered a whopping gain of 195.23 points.india Updated: Mar 01, 2006 17:09 IST
The Bombay Stock Exchange benchmark 30-share index on Wednesday gained to set a record intra-day high level over 10,573 points with most blue chip stocks climbing on aggressive buying by funds on expectations of a better economic growth after the budget.
The Sensex remained higher during the session before ending 195.23 points higher at a new record closing of 10,565.47. The wide-based National Stock Exchange index nifty also touched an intra-day high of 3127.25 points before ending at 3123.10 points, gaining 48.40.
Buying was sparked after the announcement of the general budget on Tuesday, giving a boost to rural demand and infrastructure investments which would enhance consumption and capital spending further.
The major support for the shares were from the cement and auto sectors.