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Sensex races toward 21k, adds 126 pts

Sensex races toward 21k, adds 126 pts
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First Published: Mon, Jan 07 2008. 06 07 PM IST
Updated: Mon, Jan 07 2008. 06 07 PM IST
Mumbai: Sensex today rose 125 points to close in on the next milestone of 21,000 as investors bought shares on expectations that companies will announce good quarterly results later this month.
The Sensex remained in bull orbit and added 125.76 points to settle at 20,812.65. The key-index touched the day’s high of 20,861.83 and a low of 20,438.19 points.
The National Stock Exchange index Nifty rose by 4.80 points at 6,279.10, after touching a high of 6,289.80 and a low of 6,193.35 points.
Major support to the market came in from realty sector as its index surged 328.88 points to 13,614.17 points. Bank index rose 286.93 points to 12,191.99, while capital goods index added 121.32 points to reach 20,150.56 points. PTI
Mumbai: Sensex swung between gains and losses rising 77.50 points, or 0.4%, to 20,764.39, at 1:14 pm local time after gaining 0.6% to a record 20,811.94 and dropping as much 1.2% earlier.
The S&P/CNX Nifty Index on the National Stock Exchange lost 33.50, or 0.5%, points to 6,240.80. Nifty futures for January delivery slipped 0.3% to 6,239. Agencies
Late Morning
Mumbai: Sensex hit a record high in late morning trade on Monday, reversing early losses of more than 1%, led by gains in ICICI Bank and ITC Ltd.
At 11:42 am, the 30-share BSE index was up 0.41%, or 85.40 points, at 20,772.29, having risen as far as 20,777.29. Its previous high of 20,762.80 was set on Friday.
The index had opened 0.24% lower and had quickly extended losses to more than 1%, tracking weaker global markets which were unsettled by worries of a US recession. Reuters
Mumbai: Sensex fell by 249 points in early morning trade today on emergence of profit selling by funds at the exiting higher levels.
The 30-share Sensex, which gained 341 points on Friday, attracted profiting booking and fell by 248.70 points to 20,438.19 in the first five minutes of trade.
Similarly, the wide-base National Stock Exchange index, Nifty, slipped by 70.90 points to 6,203.40 points.
Selling pressure also gathered momentum following a weak trend in the global stock markets. PTI
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First Published: Mon, Jan 07 2008. 06 07 PM IST
More Topics: Stocks | Shares | Sensex | Nifty | Currency |