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Sensex scales new high


MUMBAI: The key BSE Sensex and NSE Nifty indices on Friday scaled new heights as stock markets extended gains for the second straight day on the back of strong global cues, setting aside worries over rising inflation.

Driven higher by sector-specific activity, the Bombay Stock Exchange bellwether touched a new intra-day record high of 14462.77.

It later closed at an all-time peak of 14403.77, up 136.59 points over Thursday's close of 14267.18.

Similarly, the National Stock Exchange's S&P CNX Nifty scaled a new trading peak of 4198.70 and closed at a lifetime high of 4183.50, recording a rise of 46.30 points or 1.12 per cent over the last close.

Sentiment was enlivened by good buying support from operators and fresh buying by foreign institutional investors in select counters such as L&T, BHEL, Bharti Airtel, Reliance Communications, HDFC, Wipro, Satyam Computer, ACC, GACL and Grasim, brokers said. Asian markets remained firm during the day. — PTI

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