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HomeEconomySensex scales 35,000 level for first time

Sensex scales 35,000 level for first time

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: Benchmark Sensex soared over 310 points today to close above the 35,000-mark for the first ever, while the broader Nifty too ended at a fresh life-time high on unabated buying by participants.

The 30-share Sensex jumped 310.77 points, or 0.89%, to end at a new peak of 35,081.82, breaking its previous record of 34,843.51 reached on 15 January.

Intra-day, it climbed to 35,118.61, bettering its previous intra-day high of 34,963.69 reached on 15 January.

It took 17 sessions for the index to scale the 35,000 mark from 34,000 level reached on 26 December.

The broader Nifty surged 88.10 points, or 0.82%, to close at a new peak of 10,788.55, breaking its previous record of 10,741.55 hit on 15 January.

It also touched an intra-day record of 10,803, surpassing its previous high of 10,782.65 hit on 15 January.

Brokers said sentiment got a lift after the government today lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated earlier.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 693.17 crore while domestic institutional investors (DIIs) had sold equities worth a net Rs 246.38 crore yesterday, as per provisional data.

The big gainers that helped the flagship Sensex to new peak were SBI, Axis Bank, Infosys, Adani Ports, Yes Bank, ICICI Bank, L&T, TCs, ITC Ltd, Dr Reddy’s, Sun Pharma, Bajaj Auto, Power Grid, NTPC, HDFC Ltd, M&M and Tata Steel, surging up to 3.43 per cent.

Asian stocks were mixed, while European markets were down n their opening trade.

PTI

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