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Sensex closes at record level; realty, bank stocks gain

Sensex closes at record level; realty, bank stocks gain
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First Published: Wed, Jan 02 2008. 04 32 PM IST
Updated: Wed, Jan 02 2008. 04 32 PM IST
Mumbai: The New Year celebrations in the stock markets have been extended with the benchmark Sensex setting a new closing level record of 20,465.30 points on the Bombay Stock Exchange on Wednesday on heavy purchases by funds and general investors.
The Sensex added 164.59 points at 20,465.30, a level never seen before. The index touched the day’s high of 20,529.48 points and a low of 20,077.40 points.
The key-index had its intra-day peak of 20,498.11 points on 13 December last year.
In similar fashion, the National Stock Exchange index Nifty spurted by 35.05 points to 6,179.40, after touching the day’s high of 6,197.00 and a low of 6,060.85 points, still below its record high levels. The Nifty set an intra-day peak of 6,185.40 points on 13 December and a closing peak of 6,159.30 points on 12 December.
The market received major support from realty, bank, oil and gas, PSU, metal and healthcare stocks.
As the buying activity spread over a wide-front, the small cap index shot up by 205.90 points to 13,908.97 and mid cap index by 123.91 points to 10,058.94.
The realty segment index surged the most by 381.78 points to 13,419.67, followed by bank index by 360.18 points to 11,870.49. PSU index shot up by 140.43 points tp 10,773.91.
Oil and gas index rose by 110.24 points to 13,391.12, metal index by 99.36 points to 20,160.85, healthcare index by 55.86 points to 4,467.40, auto index by 44.56 points to 5,761.05 and FMCG index by 22.03 points at 2,397.10.
However, the capital goods index fell by 40.55 points to 19,707.25, IT by 20.46 points to 4,451.02 and teck index by 12.68 points to 3,960.64.
Mumbai: The Bombay Stock Exchange benchmark, Sensex, on Wednesday morning tumbled from early highs and was quoted 136 points down on selling at higher levels triggered by weak Asian cues.
The BSE-barometer was quoted lower by 136 points at 20,164.68 at 10.30 a.m. from Tuesday’s close of 20,300.71, after touching a high of 20,452.20 within five minutes of trading.
The broad-based S&P CNX Nifty of the National Stock Exchange (NSE) also fell by 44.80 points or 0.73% to 6,099.55 at 10.30 a.m. from previous close of 6,144.35.
After reaching new peaks of 10,068.90 and 13,998.01, the mid-cap and small-cap indices also came under pressure and fell sharply from the highs to 9,896.04 and 13,645.61 at 10.30 a.m. from previous close of 9,935.03 and 13,703.07 respectively.
Asian indices were down in a range of about 1.0% to 2.0% in early trade.
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First Published: Wed, Jan 02 2008. 04 32 PM IST
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