Sensex reaches 29,000: a new lifetime high

Mumbai: The Bombay Stock Exchange (BSE) index Sensex on Thursday broke all records and crossed the 29,000 mark that led to gains by approximately 154.02 points in the morning trade. While the National Stock Exchange (NSE) Nifty reached a new peak of 8,770 after buying in few key sectors.

This sudden increase is due to strong buying by Foreign Institutional Investors (FII) in the last five trading sessions worth Rs 6,000 crore.  Most of the Asian stocks were also quite high due to the launch of new bond programme by the European Central Bank (ECB) to revive Euro zone economy.

As per data, the major Sensex gainers were UBL ( 3.76 per cent ), Unitdspr ( 3.60 per cent ), Ranbaxy ( 3.18 per cent ), GMR Infra ( 2.99 per cent ), Sun Pharma ( 2.92 per cent ), DLF ( 2.82 per cent ) and Ultracemco ( 2.63 per cent ).

The key benchmark indices of Japan, Hong Kong, Indonesia, Singapore, South Korea and Taiwan increased from 0.11 per cent to 0.48 per cent while the benchmark index of China decreased by 0.20 per cent.

picture: Business Today

 

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