E-Paper
Sensex leaps to new closing peak of 9,870.79
Sensex leaped past 9,800 mark riding high on domestic liquidity while FIIs slowed down inflows.
Tracking the strong global trend, Bombay Stock Exchange's Sensex on Friday took yet another big leap by 185 points and soared past 9,800 level for the first time to hit new peaks, riding high on domestic liquidity while Foreign Institutional Investors (FIIs) slowed down inflows.
The bank, consumer goods and metal shares were the most sought after lot during the trading session.
The Bombay Stock Exchange (BSE) Benchmark 30-share Index (Sensex) opened with a gap of about 79 points and later shot up to an all-time intra-trade high of 9,883.95 in brisk trade bolstered by a sharp upsurge in Asian markets.
Later, it ended the day at a new record peak at 9,870.79 against Wednesday's close of 9,685.74, a net rise of 185.05 points or 1.91 per cent.
The Sensex has risen by 406 points or 4.29 per cent in the last three trading sessions.
The Sensex had witnessed an impressive rally and gained by 136 points to set new records on January 25, the last day of derivatives contract.
Domestic mutual funds, particularly private institutions, were engaged in across-the-board purchases at a time when FIIs had slowed down investments in equities, brokers said.
Operators and retail investors joined the bandwagon and also were seen covering their short positions, they added.
In Asian markets, the Nikkei ended up by 569.66 points, the Hang Seng by 233.07 points, the Taiwan by 80 points and the Kospi by 31.81 points.
The Dow Jones Industrial Average and the Nasdaq Composite Index on Thursday ended up by 99.73 points and 22.35 points respectively.
