Sensex touches new high, crosses 12,700-mark
The BSE index touches a new peak of 12,719.53 points on aggressive buying by funds as well as retail investors.india Updated: Oct 13, 2006 12:30 IST
Market continued its record breaking spree by surging past the 12,700-point milestone for the first time in history, with market sentiments turning upbeat on expectations for robust second-quarter corporate earnings results.
The Bombay Stock Exchange's 30-share barometer index, Sensex, touched a new peak of 12,719.53 points on aggressive buying by funds as well as retail investors.
After breaching the previous peak of 12,671.11, hit earlier on May 11, early in the morning trade on Friday, the Sensex surged ahead more than 180 points by mid-day trade on strong buying in heavy-weight stocks like Infosys and Reliance Industries.
The National Stock Exchange's Nifty zoomed 53 points to as high as 3,674, but was still below its record high of 3774.15 points.