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Monday, Aug 26, 2019

Sensex ends at record high, up 86 pts

Brisk buying, largely on expectations of good Reliance Q3 results, pushes the BSE index to close at 14,218 points.

india Updated: Jan 18, 2007 17:17 IST
Press Trust of India
Press Trust of India

The BSE benchmark Sensex surged more than 86 points to close at a record high of 14,217.75 on aggressive buying by funds along with short-covering in several blue-chip stocks.

The 30-share key index flared up by 86.41 points after registering an intra-session record of 14,325.92 during the day, as Reliance Industries stocks registered sharp gains in anticipation of strong third quarter results.

Similarly, the wide-based National Stock Exchange index Nifty, ended 32.60 points higher at 4,109.05 after touching an intra-day high of 4,140.25.

Market observers said the sentiment was bolstered by strong FII activity.

Trend-setters and heavyweight Reliance Industries stocks saw hectic trading during the session and surged to an all-time high of Rs 1,383.50 ahead of the company's announcement of its third quarter results.

Stocks of state-run ONGC were also in keen demand after reports that the company had discovered gas in the Mahanadi basin, off the coast of eastern Orissa.

ONGC stocks climbed to a session's high of Rs 936.

First Published: Jan 18, 2007 10:54 IST

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