The Hindu : Business : Sensex, Nifty scale new peaks

Online edition of India's National Newspaper
Tuesday, Nov 14, 2006
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Business

Sensex, Nifty scale new peaks

MUMBAI: The stock markets continued their upward journey on Monday, with both key indices — Sensex and Nifty — scaling new peaks on the back of sustained foreign institutional investment inflows and robust buying by retail investors in blue chip shares.

Extending gains to third day in a row, the Bombay Stock Exchange 30-share sensitive index (Sensex) closed at an all-time high of 13399, a net rise of 116.09 points over Friday's close of 13282.91. The Sensex also hit a new intra-trade peak of 13410.08, riding on the three-day long bull-run. Similarly, the National Stock Exchange's S&P CNX Nifty touched a new peak of 3862.05 before closing at a life-time high of 3858.75, a net rise of 24 points over the previous close of 3834.75.

This time major contributors to the Sensex's jump were power giant NTPC as well as banking shares such as HDFC Bank and ICICI Bank, besides HDFC and Bharti Airtel. Foreign institutional investors (FIIs) reportedly were sustained buyers in front-line stocks for the past few days. — PTI

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