Narendra Modi effect: BSE Sensex surges to record highs; ONGC shares jump 12 pct

Jun 06 2014, 17:30 IST
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Sensex surges 376.95 points to record closing high of 25,396.46; Nifty up 109.30 points to touch new peak of 7,583.40. (PTI) Sensex surges 376.95 points to record closing high of 25,396.46; Nifty up 109.30 points to touch new peak of 7,583.40. (PTI)
SummaryBSE Sensex touched a life high of 25,416.86 pts while NSE Nifty rose to 7,588.25 pts.

higher.

However, technology stocks declined with Infosys Ltd falling 1.3 percent after one of its top executive resigned. Tata Consultancy Services Ltd closed 0.95 percent lower.

HIGHLIGHTS

* BSE index gains 1.51 pct; NSE ends 1.46 pct higher

* BSE and NSE indexes rise 4.9 pct each this week

* FIIs continue to buy for a fifth straight session

FACTORS TO WATCH

* Euro holds strong after ECB moves, U.S. data dominates

* Brent oil rises above $109, buoyed by economic optimism

* Asia up, Europe more cautious as payrolls loom

* Foreign institutional investor flows

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