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Sensex touches 10,700-mark
MUMBAI:
Driven by increased liquidity, select key stocks on Thursday sustained the post-budget rally lifting the benchmark Sensex past the 10,700-mark to touch another new record high of 10,706.22 in volatile trading as institutional investors heavily pumped in funds.
Foreign institutional investors remained heavy buyers in key counters while domestic mutual funds, which are said to be flush with funds, made hectic purchases in blue chip stocks after presentation of the growth-oriented budget.
The Bombay Stock Exchange 30-share Sensitive index (Sensex) fluctuated between 10,706.22 and 10,593.80 on alternate bouts of buying and selling before closing at an all-time high of 10,626.78 against 10,565.47, a net rise of 61.31 points.
The FIIs have been consistent net buyers and reported net inflows of over Rs. 7,600 crore during February. — PTI
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