Sensex gains 136 pts to close at record high of 22,764.83
Sensex Monday gained 136 points to close at all-time high of 22,764.83 on increased capital inflows driven by robust earnings by bluechip led by Reliance Industries.
Mumbai: The BSE benchmark Sensex Monday gained 136 points to close at all-time high of 22,764.83 on increased capital inflows driven by robust earnings by bluechip led by Reliance Industries.
The current upsurge was in continuation to a rise of 351.61 points on Thursday, and surpassed its previous intra-day record high of 22,792.49 set on April 10.
The Sensex rose to all time intra day of 22795.58 before closing up by by 135.99 points, or 0.60 percent, to 22,764.83 points.
On similar lines, the National Stock Exchange's Nifty spurted by 38.25 points, or 0.56 percent, to 6,817.65.
Brokers said the market remained in bullish mood ever since the front-runner Infosys, Tata Consultancy Services and HCL Technologies posted better earnings.
Gains in mining stocks led by Sesa Sterlite and trend setter Reliance Industries supported the Sensex rise.
Sesa Sterlite rose the most by 4.78 percent among index stocks after the court allowed resumption of mining in Goa.
A firming trend in the Asian region and higher opening in Europe on improving global economy further supported the uptrend, brokers said.
Larsen & Toubro, Axis Bank, Bharti Airtel, BHEL, Coal India, Hero MotoCorp and ICICI Bank were among the major gainers.
In 30-BSE index components, 18 stocks ended with gains led by The capital goods sector index gained the most by rising 2.91 percent to 12,425.63 points followed by the metal index by 2.23 percent to 10,495.19.
The bank index rose by 1.34 percent to 14,822.16 and auto index by 1.33 percent to 13,674.22.