Sensex hits new high of 22,592.10; Nifty reaches 6,757.60
Mumbai: The benchmark BSE Sensex touched a fresh intra-day high of 22,592.10 in early trade Wednesday on persistent buying in auto, consumer durable and IT stocks amid sustained foreign capital inflows and firm global cues.
Foreign institutional investors (FIIs) continued their buying spree and bought shares worth a net Rs 385.66 crore yesterday, as per provisional data from the stock exchanges.
The Sensex opened higher at 22,550.58 and firmed up further to an all-time high of 22,592.10 before quoting at 22,530.15, showing a gain of 83.71 points, or 0.37 percent, from its last close.
The NSE 50-share Nifty also gained 22.55 points, or 0.34 percent, to 6,743.60, after registering an all-time high of 6,757.60.
Major gainers were Bharti Airtel (1.71 percent), ICICI Bank (1.65 percent), Tata Motors (1.29 percent), Hero Motocorp (1.09 percent), Dr Reddy's Lab (0.94 percent), Infosys (0.89 percent) and Tata Power (0.77 percent).
Asian stocks rose in their early trade today after an increase in US manufacturing boosted optimism about growth in the world's biggest economy.
Key benchmark indices in Hong Kong, South Korea, China, Singapore, Indonesia, Japan and Taiwan were up between 0.02-1.48 percent.
US stocks rose yesterday as consumer and technology shares pushed the Standard & Poor's 500 Index to an all-time high, after an increase in a manufacturing index boosted optimism the economy withstood severe winter weather.