Sensex touches new high of 10,195.42 points
Sensex, after touching an intra-day peak of 10,195.42, reacted downwards but managed to end 11.12 pts higher.india Updated: Feb 16, 2006 17:15 IST
The Bombay Stock Exchange (BSE) Sensex, after touching a new intra-day peak of 10,195.42, reacted downwards on emergence of selling during the later part of the day, but managed to end 11.12 point higher.
The BSE 30-share index opened the day on a firm note at 10,133.42 as against Wednesday's close of 10,113,18 and soon touched a new life-time intra-day high of 10,195.42.
However, the level was short lived as fresh bouts of selling pulled down the Sensex to a day's low of 10,110.46 and finally ended at 10,124.30, however, showing a small gain of 11.12 points or 0.11 per cent over the previous close.
Meanwhile, Foreign Insitutional Investors (FIIs) who have made a total net buying of Rs 3,560.60 in the current month and a whopping Rs 6,781.30 crores since January one, turned net sellers and sold equities worth Rs 501.60 crore on February 14, brokers said.
However, describing this a temporary phenomena, they said FIIs would very soon return to the market in a big way.
Dr Reddy's Laboratory was on the limelight as it attracted heavy buying and zoomed by Rs 109.90 or 9.38 per cent to end at the day's highest level of Rs 1,281.95 as against Wednesday's close of Rs 1,172.05.
To some extent, market sentiment was boosted by the statement made by President APJ Abdul Kalam that the country GDP growth likely to cross 8 per cent in 2005.06, brokers said.