BSE Sensex hits record closing high at 21,337, Sun Pharmaceuticals share price surges

Jan 22 2014, 16:54 IST
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BSE Sensex gained 0.41 per cent to 21,337.67 points. (Reuters) BSE Sensex gained 0.41 per cent to 21,337.67 points. (Reuters)
SummaryBSE Sensex gains for third consecutive session as drug makers rallied on earnings optimism.

rallied on optimism about their quarterly earnings.

Markets Top Gainers, Markets Top Losers

Gains among drug makers helped offset a fall in some banking shares after a central bank panel recommended making taming high retail inflation a priority for monetary policy, raising the prospect of a sustained period of high interest rates.

Sun Pharmaceuticals Industries rose 3 percent, but State Bank of India (SBI) fell 0.8 percent.

The BSE Sensex provisionally gained 0.41 per cent to 21,337.67 points, surpassing its previous record close of 21,326.42 hit on Dec. 9. The index remains below its all-time high of 21,483.74 points hit on that day.

The broader BSE Sensex index provisionally ended up 0.4 percent.

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