Sensex at new high, hits 212 points in early trade

The BSE benchmark Sensex climbed more than 212 points to scale yet another high of 15,304.28 points in early trade on 13 July as a result of continuous buying by funds in heavyweight stocks and global markets.
Similarly, Nifty saw an upward going curve by 52.65 points at 4,498.80, an all-time peak.

What raised the Sensex to a new high?

Brokers mentioned stocks were in positive zone with ample gains after foreign as well as domestic funds made massive purchases in tandem with firming US and Asian bourses.

In order to provide relief to exporters hit by the appreciating rupee, the government’s announcement of Rs1, 400 crore package also consoled the trading sentiments.

Posted on 12th July 2007
Under: Nifty, Sensex | No Comments »