BSE Sensex at fresh record high of 22,792; NSE Nifty holds 6,816 level

Apr 10 2014, 12:09 IST
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BSE Sensex had gained 358.89 points in the previous session, rose further by 0.29% to 22,769.20 points. (AP) BSE Sensex had gained 358.89 points in the previous session, rose further by 0.29% to 22,769.20 points. (AP)
SummaryIn a range-bound opening on Thursday, markets touched new lifetime highs after minutes from the US Fed eased concern about the timing of interest-rate increases.

In a range-bound opening on Thursday, markets touched new lifetime highs after minutes from the US Fed eased concern about the timing of interest-rate increases.

The BSE benchmark, the Sensex touched lifetime high of 22,792.49 points, while the Nifty touched lifetime high of 6,816.45 points.

The minutes from US Fed's latest policy meeting showed that policymakers want to be absolutely certain the U.S. economy had recovered before starting to raise interest rates.

The 30-share Sensex was trading 0.11% or 24.32 points higher at 22,726.66 points, while the Nifty was trading 0.04% or 2.70 points higher at 6,798.90 points at 11.15 am IST.

Experts remain bullish on the markets. "As expected, the markets rallied after 3 days of profit booking. We continue to maintain a positive view, as long as the Nifty holds key support at 6650. Nifty may touch 6900 in the near term. †The near term support is at 6750," Standard Chartered Securities said in its morning note.

Among sectoral indices, the BSE Power (1.57%), BSE Realty (1.11%) and BSE Capital Goods (0.92%) were the major gainers. Among individual stocks, Tata Motors (2.55%), State Bank of India (2.17%) and Bhel (2.12%) were the major gainers on the 30-share Sensex.

Asian markets showed a mixed trend. The Hang Seng (0.40%), Kospi (0.18%), Shanghai Composite (0.27%), Taiwan Taiex (0.20%) were trading higher. Straits Times (-0.35%) and Jakarta Composite (-3.18%) were trading lower.

(PTI) The BSE Sensex climbed to a new record high of 22,769.20 in early trade today on sustained buying by funds and retail investors amid a firming trend in Asian markets.

The 30-share index, which had gained 358.89 points in the previous session, rose further by 66.86 points, or 0.29 per cent, to 22,769.20 points.

The wide-based NSE Nifty moved up by 14.40 points, or 0.21 per cent, to 6,810.60.

Brokers said continued buying by funds as well as retail investors, tracking a firming trend on the other Asian bourses, mainly buoyed the trading sentiment.

They said the rally was led by stocks of realty, auto, power, oil and gas, capital goods and health care sectors.

Among Asian markets, Hong Kong's Hang Seng index rose by 0.47 per cent, while Japan's Nikkei moved up by 0.69 per cent in early trade today.

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