Mumbai: Share prices jumped 1.07% to a third consecutive record finish on Monday on sustained buying by foreign investors in the benchmark stocks, dealers said. Pick-up in buying, mainly in capital goods and realty segment stocks, drove the Bombay Stock Exchange benchmark Sensex to a new intra-day peak of over 15,700 points.
The BSE-30 share index, which had set an all-time record at 15,683.03 points on July 20, further gained 138.30 points to trade at 15,703.85 at 1500 hrs.
Similarly, the second wide-based National Stock Exchange index Nifty added 47.10 points to touch a new high of 4,613.15.
Blue-chip telecom and automobile companies gained on optimism of sustained economic growth for Asia’s second fastest-growing economy.
The Sensex closed 166.65 points up at 15,732.2, coming off an intraday record of 15,773.37.
“The markets continued to surge on strong liquidity. We could see choppy trends ahead of the expiry of the monthly futures contracts on Thursday,” said Manoj Kakaiya, dealer with brokerage ULJK Securities.
Overseas funds have pumped $9.6 billion into Indian equities so far this year, topping the $7.99 billion invested in all 2006, pushing gains on the Mumbai stock exchange Sensex index to nearly 14% so far this year.