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Markets surge upwards as Sensex hits new record high of 21,710; Nifty touches 6,454

Friday, 7 March 2014 - 10:34am IST | Place: Ahmedabad | Agency: PTI
The benchmark S&P BSE Sensex today soared to new record high of 21,710.43 in opening trade on heavy foreign capital inflows, tracking positive domestic and global cues.
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The benchmark S&P BSE Sensex today soared to new record high of 21,710.43 in opening trade on heavy foreign capital inflows, tracking positive domestic and global cues. 

The NSE index Nifty also jumped 53.55 points, or 0.83 per cent, to trade at new life-time high of 6,454.70, surpassing the previous intra-day high of 6,415.25, achieved on December 9, 2013. The 30-share index, which had gained over 567 points in the previous three sessions, zoomed to 21,710.43 by surging 196.56 points, or 0.91%.

All the sectoral indices, led by capital goods, banking and realty, were trading in positive territory with gains up to 3.95%. Brokers said frenzied buying by funds and retail investors, driven by shrinking country's current account deficit and a firming trend in the Asian markets following overnight gains on the US market ahead of jobs report, helped the Sensex and Nifty to scale life-time highs. The BSE capital goods sector index gained the most by rising 3.95% as stocks of Larsen and Toubro rose 5.57%, while BHEL was up by 2.43%. In the Asian region,

Japan's Nikkei rose 0.96 per cent, while Hong Kong's Hang Seng rose 0.11% in early trade today. The US Dow Jones Industrial Average closed 0.38% higher in yesterday's trade.




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