Sensex scales yet another high at 11,895 pts

The benchmark 30-share Sensex rose 74.41 points to 11,895.98, surpassing the previous record close of 11,821.57 set on April 18.

Indian share prices closed at a record high on Wednesday in volatile trading, with software and oil stocks gaining on domestic fund buying, dealers said.

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They said buying interest was strong in Software Company Wipro and generic Drug Company Ranbaxy on strong earnings announced on Wednesday.

The benchmark 30-share Sensex rose 74.41 points to 11,895.98, surpassing the previous record close of 11,821.57 set on April 18.

"The markets opened strong on buying momentum from domestic funds. We expect the markets to be rangebound at these levels with buying being stock-specific," said Soumeel Chakravarthy of brokerage KJMC Capital Market Services.