Sensex jumps over 400 points to hit a new high

Written by Sandeep Singh | Updated: Oct 31 2014, 20:02pm hrs
BSE SensexBSE Sensex jumps 147.26 points to hit a new peak of 27,493.59 in opening trade. (Reuters)
Following an overall rise in the Asian markets, Indian markets continued their surge for the fourth straight trading session taking the Sensex gain in the last four trading session at over 1,000 points. The benchmark index at the Bombay Stock Exchange hit an all time high of 27,762 on Friday in the afternoon trading hour.

The broader Nifty at the National Stock Exchange too rose and was trading at an all time high of over 8,280.

The rally in the markets was broadbased as the BSE 500 index had an advance to decline ratio of 4:1 with almost 400 companies in the index of 500 companies witnessing gain. Among the Sensex companies 26 saw a rise in their share price whereas only 4 witnessed a decline in their prices.

While the consumer durable index at the BSE was the only sectoral index in the red, all other indices barring healthcare and FMCG were up by over 1 per cent in the afternoon trading hours.

Tata Steel, HDFC and Maruti were the biggest gainers among the Sensex companies, real estate and construction companies too gained significantly. The overall market cap at the BSE rose to 96,56,987 crore.

While all major Asian markets were trading in the green, Nikkei 225 in Japan was up by 4.8 per cent during the day and the Shanghai Composite in China rose 1.2 per cent thereby lifting the overall sentiment in the market.