Sensex, Nifty rally to new record highs of 21,867; ICICI jumps 7%

Sensex, Nifty rally to new record highs of 21,867; ICICI jumps 7%Mumbai: The benchmark S&P BSE Sensex logged an all-time record high of 21,867 in mid-session trade Friday on heavy buying spree by funds and retail investors amid upbeat domestic sentiment coupled with firm Asian cues. All-round hectic buying was seen mainly in banking, capital goods, realty and oil & gas counters.

The 30-share index Sensex resumed higher at 21,539.44 and surged further to new all-time high of 21,866.51 before quoting at 21,793.99, showing a sharp gain of 280.12 points, or 1.30 percent from its last close.

The NSE 50-share barometer Nifty also gained 82.75 points, or 1.29 percent, to 6,483.90 after hitting an inta-day high of 6,506.15.

Foreign institutional investors (FIIs) bought shares worth a net Rs 1,272.93 crore yesterday, as per provisional data from the stock exchanges. Major gainers on BSE were – ICICI Bank 6.51 percent, L&T 5.76 percent, Axis Bank 5.59 percent, SBI 4.67 percent and Bharti Airtel 3.94 percent.
Asian shares rose today, as investors looked towards the US non-farm payrolls report later for confirmation of US employment data. The US Dow Jones Industrial Average closed 0.38 percent higher in yesterday’s trade.

Bureau Report

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