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Sensex hits lifetime high of 21,961; Nifty zooms past 6,530-mark

Last Updated: Friday, March 7, 2014 - 15:33

Zee Media Bureau

The benchmark S&P BSE Sensex logged an all-time record high of 21,960.89 Friday on heavy buying spree by funds and retail investors amid upbeat domestic sentiment coupled with firm Asian cues.

All-round hectic buying was seen mainly in realty, banking, capital goods, and oil & gas counters.

The 30-share index Sensex resumed higher at 21,539.44 and surged further to new all-time high of 21,960.89 before quoting at 21,938.41, showing a sharp gain of 424.54 points, or 1.97 percent from its last close.

The NSE 50-share barometer Nifty also gained 132.25 points, or 2.07 percent, to 6,533.40 after hitting an inta-day high of 6,537.80.

Strong FII buying and optimism over political front after general election and improving macro scenario bolstering the investors sentiment.

Foreign institutional investors (FIIs) bought shares worth a net Rs 1,272.93 crore yesterday, as per provisional data from the stock exchanges.

Major gainers on BSE were - Bharti Airtel 6.63 percent, ICICI Bank 6.29 percent, RIL 5.85 percent, Axis Bank 5.69 percent and Maruti Suzuki 5.28 percent.

Asian shares rose today, as investors looked towards the US non-farm payrolls report later for confirmation of US employment data.

The US Dow Jones Industrial Average closed 0.38 percent higher in yesterday's trade.

First Published: Friday, March 7, 2014 - 12:47
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