Home ECONOMY Markets scale new highs; IT stocks surge

Markets scale new highs; IT stocks surge


Mumbai, Sep 3 :

A benchmark index of Indian equities markets Wednesday hit a record high of 27,217.53 points, surpassing its previous high of 27,082.85 points registered Sep 2.

Bombay-Stock-Exchange-BuildingGood buying was observed in IT, technology, media and entertainment (TECK), capital goods and auto sectors, while selling 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 27,128.06 points, was trading at 27,197.38 points (at 02.10 p.m.) in the afternoon, up 177.99 points or 0.66 percent from the previous day’s close at 27,019.39 points.

The Sensex touched a high of 27,217.53 points and a low of 27,067.02 points in the trade so far.

The S&P BSE IT index surged by 263.09 points, TECK index gained 136.18 points, capital goods index moved up by 142.92 points and auto index went up by 104.92 points.

However, FMCG index dropped by 25.32 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit a record high and was trading at 54.30 points or 0.67 percent up at 8,137.35 points. Nifty Tuesday hit a record high of 8,101.95 points.