Sensex, Nifty touch new highs, IT stocks rise
Posted on Sep 03 2014 | IANS
Mumbai, Sep 3 : A benchmark index of Indian equities markets touched a new high of 27,225.85 points Wednesday before closing the trade at 27,139.94 points.
The 30-scrip Sensitive Index (Sensex) of the S and P Bombay Stock Exchange (BSE) surpassed its previous high of 27,082.85 points of Tuesday.
Volatility was seen in the trade around 2.30 p.m. when the markets fell nearly 125 points. It regained tractions and made gains of about 120 points before close.
Healthy buying was observed in IT, metal, capital goods, technology, media and entertainment (TECK) and auto sectors. Selling pressure was seen in fast moving consumer goods (FMCG) and power stocks.
The 30-scrip sensitive index, which opened at 27,128.06 points, closed the trade at 27,139.94 points (provisional), up 120.55 points or 0.45 percent from the previous day's close at 27,019.39 points.
The Sensex touched a high of 27,225.85 points and a low of 27,067.02 points in trade so far.
The S and P BSE IT index surged 253.06 points, metal index was higher by 144.77 points, capital goods index gained 144.77 points, TECK index rose 125.38 points amd automobile index moved up by 118.40 points.
FMCG index dropped by 43.60 points and power index slipped by 1.17 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit a record high at 8,141.90 and closed the was trade at 31.55 points or 0.39 percent up at 8,114.60 points. Nifty Tuesday hit a record high of 8,101.95 points.