Sensex closes at all-time high of 22,764 pts, Reliance Industries leads bluechips rally

Apr 21 2014, 19:14 IST
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Market sentiment got a boost after Supreme Court allowed resumption of mining in Goa, sending shares in miners such as Sesa Sterlite Ltd surging. AP/PTI Market sentiment got a boost after Supreme Court allowed resumption of mining in Goa, sending shares in miners such as Sesa Sterlite Ltd surging. AP/PTI
SummaryBSE Sensex gained 136 pts to close at all-time high of 22,764.83.

The BSE Sensex today gained 136 points to close at all-time high of 22,764.83 on increased capital inflows driven by robust earnings by bluechips led by Reliance Industries (RIL).

The current upsurge was in continuation to a rise of 351.61 points on Thursday, and surpassed its previous intra-day record high of 22,792.49 set on April 10.

The Sensex rose to all time intra day of 22795.58 before closing up by by 135.99 points, or 0.60 per cent, to 22,764.83 points.

On similar lines, the National Stock Exchange's Nifty spurted by 38.25 points, or 0.56 per cent, to 6,817.65.

Brokers said the market remained in bullish mood ever since the front-runner Infosys, Tata Consultancy Services and HCL Technologies posted better earnings.

Gains in mining stocks led by Sesa Sterlite and trend setter Reliance Industries supported the Sensex rise.

Sesa Sterlite rose the most by 4.78 per cent among index stocks after the court allowed resumption of mining in Goa.

A firming trend in the Asian region and higher opening in Europe on improving global economy further supported the uptrend, brokers said.

Larsen & Toubro, Axis Bank, Bharti Airtel, BHEL, Coal India, Hero MotoCorp and ICICI Bank were among the major gainers.

In 30-BSE index components, 18 stocks ended with gains led by

The capital goods sector index gained the most by rising 2.91 per cent to 12,425.63 points followed by the metal index by 2.23 per cent to 10,495.19.

The bank index rose by 1.34 per cent to 14,822.16 and auto index by 1.33 per cent to 13,674.22.

Indian shares surge to record high; Sesa Sterlite gains

(Reuters) Indian shares hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond portfolios.

Sentiment also got a boost after India's top court allowed resumption of mining in the state of Goa, sending shares in miners such as Sesa Sterlite Ltd surging.

Overseas investors, who have pumped in nearly $4.8 billion into Indian shares so far this year, were net buyers worth 4.3 billion rupees ($71.20 million) on Thursday, snapping three days of a selling streak totalling 5.69 billion rupees ($94.21 million), exchange and regulatory data showed.

Still, analysts warned the stock markets were unlikely to sustain strong gains given the NSE index is already up 8.2 percent so far this year while caution is likely to

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