Markets at Record High; Nifty Crosses 8,000-mark
By IANS | Published: 01st September 2014 10:00 AM |
MUMBAI: Sensex on Monday hits record high of 26,807.90 points surpassing its previous high of 26,674.38 points hit Aug 28.
All the sectors were trading in green and the rally was led by capital goods, metal, banking and auto.
Beating expectations and showing another sign of revival, the Indian economy expanded by 5.7 percent during the first quarter of the current financial year to log the highest growth yet in nine quarters, official data compiled by the Central Statistics Office (CSO) showed Aug 29.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,733.18 points, was trading at 26,807.90 points (at 09.18 a.m.) in the early session, up 169.79 points or 0.64 percent from the previous day's close at 26,638.11 points.
The Sensex touched a high of 26,807.90 points and a low of 26,732.39 points in the trade so far.
The S&P BSE capital goods index surged by 146.06 points, metal index went up by 144.62, bankex moved up by 144.16 points and auto index inched up by 128.36 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit record high and crossed 8,000-mark and was trading at 48.95 points or 0.62 percent up at 8,003.30 points.