Online edition of India's National Newspaper
Friday, Jul 20, 2007
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Online edition of India's National Newspaper Friday, Jul 20, 2007 ePaper |
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MUMBAI: Larsen & Toubro led capital goods and infrastructure stocks on the bourses on Thursday after the company posted strong first quarter earnings, pushing the Sensex to record high. The BSE Capital Goods index was the second best performer among indices after oil and gas sector. It rose 201.05 points at 12876.18 after touching a new high of 12,973.96. The key benchmark BSE Sensex climbed 248.96 points at 15550.13 after hitting an all-time high of 15593.31. Larsen & Toubro posted 139 per cent spurt in net profit for the first quarter of the current fiscal at Rs. 376.85 crore, triggering buying even in other counters. Market observers said sustained rise in engineering, capital goods and construction companies stocks was mostly attributed to massive buying by foreign as well as domestic funds largely on the back of boom in infrastructure sector. Stocks of L&T witnessed massive buying throughout the session— PTI
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