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Sensex jumps 229 points
MUMBAI: The stock market frenzy continued on Thursday with the benchmark Sensex closing above the 17000 mark and the NSE Nifty breaching the 5000 level for the first time ever as strong buying by foreign funds in IT and metal shares.
The 30-share Sensex ended at a new peak of 17150.56 with a gain of 229.17 points, while the NSE’s Nifty settled 60.05 points up at a life-time high of 5000.55.
The Sensex had breached the 17000 level for the first time on Wednesday, but it had closed lower at 16921.39. After opening firm at 17059.61 on Thursday, the Sensex touched a record intra-day high of 17188.40.
Overseas funds as well as domestic retail investors were seen buying heavily into metal and IT large-caps, pushing the two sector indices by over three per cent.
Tata Steel, Infosys, Satyam, TCS, Wipro, SBI, HDFC, HDFC Bank, ONGC and REL were among the prominent gainers. Heavyweight Reliance Industries, Ranbaxy, Hindustan Unilever, Reliance Communications and Grasim ended lower. — PTI
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