Sensex ends at new high of 10,224.32 points
Sensex once again surpassed the previous record high and touched yet another new life-time of 10,237.61 pts.Updated: Feb 22, 2006 18:37 IST
The Bombay Stock Exchange's Sensex on Wednesday continued its record-breaking rally and after touching a new intra-day record high of 10,237.61, ended at a new high of 10,224.32 on frantic buying by Foreign Institutional Investors (FIIs) and well supported by operators.
In volatile activity, the 30-share Sensex opened the day on better note at 10,179.26 and thereafter shot up to touch an all-time intra-day peak of 10,237.61, before ending the day at 10,224.32, showing a steep rise of 56.21 points or 0.55 per cent over Tuesday's close of 10,168.11.
According to the marketmen, the market was likely to remain highly volatile in view of the expiry of February derivaties contract tomorrow.
They also said the market movement was mostly range-bound and stock-specific ahead of the Union Budget scheduled to be presented in the parliament on February 28.
The budget was likely to be market-friendly, however only select shares in certain segments may get benefit from it, a dealer said.
Shares from Metal and PSU segments were on top, gaining handsomely on heavy buying.
Other firm spots were RIL, Ranbaxy, Cipla, HDFC, HLL, Grasim, ONGC, NTPC, Tata Power, REL and Wipro.
However, fall in some other index heavyweights like Bajaj Auto, Dr Reddy, Infosys Tech and L&T restricted the sensex rally to a large extent.
First Published: Feb 22, 2006 10:56 IST