Sensex breaks all records by crossing magical 35,000 mark

NewsBharati 17-Jan-2018

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Mumbai, January 17: Markets continued their record-setting run for yet another session on Wednesday. The benchmark BSE Sensex hit the 35,000 level for the first time in late afternoon trade on Wednesday as buying gathered momentum on easing fiscal deficit worries.

The 30-share index crossed the 35,000-mark by jumping 231.73 points or 0.66 percent to 35,002.78, breaching its previous intra-day record of 34,963.69 hit on January 15. Asian stocks were mixed, while European markets were down and their opening trade.

It took 17 sessions for the index to reach the 35,000 mark from 34,000 level reached on December 26. Strong gains in banking, IT, FMCG and capital goods stocks helped the index top new milestone.

All sectoral indices, driven by IT, banking, PSU, capital goods and healthcare, with gains of up to 1.21 percent. The NSE Nifty spurted 61.15 points, or 0.57 percent, to trade at 10,761.60.

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 percent.

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