Sensex, Nifty touch new highs
A benchmark index of Indian equities markets touched a record high of 22,853.03 points Tuesday for the second straight day, surpassing Monday's high of 22,795.58 points.
Healthy buying was observed in capital goods, oil and gas, consumer durables, healthcare and bank sectors, while selling pressure was seen in metal, automobile, information technology (IT), fast moving consumer goods (FMCG) and technology, entertainment and media (TECK) sectors.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 22,771.24 points, closed trading at 22,736.81 points (provisional), down 28.02 points or 0.12 percent from the previous day's close at 22,764.83 points.
The Sensex touched a high of 22,853.03 points and a low of 22,727.63 points in trade.
Markets were bullish ahead of the result season and the ongoing polling exercise in which business-friendly Bharatiya Janata Party is apparently gaining.
The capital goods index of the BSE zoomed 144.09 points, followed by oil and gas index which was up 116.55 points, consumer durables index was higher by 34.74 points, healthcare index rose 10.58 points and bank index was up 9.49 points.
However, metal index plummeted 81.77 points, automobile index fell 61.04 points, IT index was lower by 40.30 points, FMCG index was down 39.22 points and TECK index dipped 20.69 points.
The wider 50-scrip S&P Nifty of the National Stock Exchange (NSE) too touched a new record high of 6,838 points. However, it closed 0.55 points or 0.01 percent up at 6,818.20 points.
(Posted on 22-04-2014)