The Hindu : Business : Sensex crosses 13700 mark

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Thursday, Nov 23, 2006
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Sensex crosses 13700 mark

MUMBAI: The Bombay Stock Exchange benchmark, Sensex, breached the 13700-mark for the first time and ended at a new high of 13706.53 on Wednesday, driven by sustained foreign institutional inflows amid firm Asian advices.

Continuing its record setting trend, the Sensex hit a new all-time intra-trade high of 13740.39 before ending the day at a new closing peak of 13706.53, netting a rise of 89.76 points or 0.66 per cent over Tuesday's close of 13,616.77.

Similarly, the National Stock Exchange's S&P CNX Nifty added 36.50 points or 0.93 per cent to close at a life-time high of 3954.75 from the previous close of 3918.25.

Hong Kong and Singapore-based funds were heavy buyers in frontline counters, brokers said.

The increasing number of foreign institutional investors registered with the market regulator only confirmed that fund inflows will not be affected at least in the near future, they added.

Operators and retail investors too were believed to be gradually extending commitments on the back of unabated FII inflows, in response to strong economic fundamentals.

In Asian markets, Hong Kong's Hang Seng ended up 242.49 points, and Japan's Nikkei 180.09 points.

SBI, Satyam Computers, ICICI Bank, Bharti Airtel, REL, Reliance Communication, ONGC, Maruti Udyog, L&T, Satyam Computers, Hero Honda and Wipro were among the prominent gainers. — PTI

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