The Hindu : Business : Sensex soars to close at new high

Online edition of India's National Newspaper
Friday, Feb 24, 2006

Business

Business

Sensex soars to close at new high

MUMBAI: The Bombay Stock Exchange's Sensex continued its record-breaking stride on Thursday and hit yet another intra-day life-time peak of 10304.88 points, before ending at a new historic high of 10244.05 on sustained heavy buying by both foreign funds and operators.

The 30-share sensitive index started the day on a promising note at 10268.51 as against yesterday's close of 10224.32 and shot up to a record high of 10304.88.

Thereafter, it fell back steeply towards the fag-end following fall in select index-heavyweights and finished at 10244.05, still the highest ever closing and showed a rise of 19.73 points or 0.19 per cent over yesterday.

FIIs continued their buying spree and made a handsome net investment of Rs. 586.10 crore on February 20 and Rs. 125.30 crore on February 21, taking the total investment in the current week (till February 21) to Rs. 711.40 crore and in the month to a whopping Rs. 5,023.40 crore.

Smart rise in shares in select segments such as FMCG and metal helped the index to close at record high. However, the early gains in Sensex was pared due to fall in shares from capital goods, bank and consumer durable, they added. — PTI

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