FILE PHOTO Traders have a nice time as BSE Sensex surges to hit new record high of 23,572.88 points, ahead of the exit poll results in Mumbai on May 12, 2014. (Photo: Sandeep Mahankal/IANS)

Sensex Breaks Record Again, Hits Highest Points 28514 as Rupee is Stable

A benchmark index of Indian equities markets Monday hit a record high of 28,514.98 points, surpassing its previous record high of 28,360.66 points hit Nov 21.

Good buying was observed in metal, banking and capital goods, while marginal pressure was seen in fast moving consumer goods (FMCG) sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,413.01 points, was trading at 28,488.25 points (at 09.26 a.m.) in the early session, up 153.62 points or 0.54 percent from the previous day’s close at 28,334.63 points.

The Sensex touched a high of 28,514.98 points and a low of 28,405.95 points in the trade so far.

The S&P metal index gained by 235.06 points, bankex moved up by 188.90 points and capital goods index inched up by 136.72 points. However, FMCG index dropped by 27.36 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 34.90 points or 0.41 percent up at 8,512.25 points.

Meanwhile, Indian rupee is trading at 61.7575/7675 versus its Friday’s close of 61.7625/7725.

Traders attribute it to good demand for the dollar from state-run banks offsetting foreign fund inflows.

Dealers expect the rupee to hold in a 61.65 to 61.85 range during the rest of the session.

Most Asian currencies also trading stronger compared to the dollar.

(With inputs from agencies)

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