$ Remittances from US to India
Representational photo: TOKYO, Oct. 31, 2014 (Xinhua) -- Haruhiko Kuroda, governor of the Bank of Japan (BOJ), attends a press conference at BOJ headquarters in Tokyo, Japan, Oct. 31, 2014. BOJ decided to buy Japanese government bonds from financial institutions so that their amount outstanding will increase at an annual pace of about 80 trillion yen (731.28 billion dollars). (Xinhua/Stringer)

Sensex Riding High on Japan Stimulus, Hits New High of 27969 points

Monday morning saw Sensexm, the benchmark index of Indian equities touching a record high of 27,969.82 points, surpassing the previous high of 27,894.32 points recorded on the closing of Friday.

The unexpected stimulus stemming from Japan is one of the reason forwarded for the high startoff for today’s good buying on the back of IT, capital goods and healthcare sectors witnessing robust trade, while the auto sector, that reported poor slaes or decline in sales last month forced many to opt for an early exit.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,943.04 points, is currently trading at 27,857.47 as of 10 am from the height of 27,948.61 points at 09.18 a.m. in the early session that saw it up 82.78 points or 0.30 percent from the previous day’s close at 27,865.83 points.

The Sensex touched a high of 27,969.82 points and a low of 27,875 points in the trade so far.

The S&P IT index gained 124.43 points as of 9:15 am, capital goods index moved up by 87.54 points and healthcare index got augmented by 77.67 points. However, auto index dropped by 211.70 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 5.70 points or 0.07 percent up at 8,327.90 points.


(With inputs from IANS)

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