The Hindu : Business : Sensex crosses 7100-mark

Online edition of India's National Newspaper
Thursday, Jun 23, 2005

Business

Business

Sensex crosses 7100-mark

MUMBAI: The runaway bull run on the Bombay Stock Exchange gathered further momentum on Wednesday, as sustained hectic all round buying drove the Sensex past another critical level of 7100 and ended higher by 68.82 points to scale a fresh all time high of 7145.34 with the outlook remaining positive for more gains. The benchmark index hit an intra-day historic high of 7167.32 on hectic demand from all quarters before correcting downward even as the general market sentiment remained upbeat.

With Wednesday's sharp gains, the benchmark has soared by a steep 238 points after the unveiling of the Ambani brothers settlement on Saturday.

Reliance Industries continued to be well bid, together with other select scrips such as HDFC, Larsen and Toubro, Tata Steel, Tata Power, Bajaj Auto ITC, Maruti, TCS and ONGC displaying smart gains.

Foreign institutional investors led the bull charge with other participants joining the buying bandwagon to send the benchmark spiralling to a new record peak even as caution prevailed in the market, but hardly any apprehensions of a steep downward correction.

In the specified group, 101, including 23 index-based counters, rallied.— PTI

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