Sensex scales Mount 14K yet again
Aggressive buying by funds, triggered by Infosys Q3 results, pushes up the BSE index to close at 14,056.53 points.Updated: Jan 12, 2007 21:33 IST
The Bombay Stock Exchange benchmark Sensex spurted to regain the crucial 14,000-level peak by gaining over 425 points on aggressive buying by funds.
After touching the intra-day high 14,070.88 points, the Sensex closed at 14,056.53 points, up 425.82 points due to brisk buying by funds influenced by firm global trend and anticipations of attractive corporate earning led by Infosys' third quarterly results announced on Thursday.
A similar firmness was noticed in the National Stock Exchange index Nifty, which rose 110.20 points at 4,052.45, after touching a high of 4,059.15 points.
The Sensex, which had suffered a loss of over 650 points in five trading sessions, rebound in the last two days by nearly 720 points on revival of buying after Infosys Technologies announced attractive third quarterly results besides a firm trend in overseas markets.