The Hindu Business Line : Sensex hits record high of 7,210 points

CONTINUED buying by foreign institutional investors saw the Sensex zoom to another record high on Friday. The 30-stock benchmark index touched its all-time high of 7,228.57, before ending the day at 7,210.77.

On a day of choppy yet range-bound trade, the Nifty shed 8.7 points to close at 2,211.90.

Market participants say that selective buying by fund houses in large cap scrips is fuelling the bull-run. Analysts have been expecting corrections and are surprised by the continued bullishness in the market.

The announcement about the drop in inflation rate by 0.23 per cent to touch a two-year low of 4.10 per cent for the week ended June 18 also helped maintain market optimism.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India signs capital gains tax pact with Singapore

Second `low' evolving over Bay of Bengal

Swedish Match divests holding in Wimco to ITC subsidiary — To make open offer for 20 pc equity

Inflation falls to 4.1 pc on lower textile prices

GAIL plans seven-fold rise in petrochem business — Mulls acquisition or equity participation

IOC set to post losses over subsidised LPG, kerosene — Upstream oil cos urged to share greater subsidy burden

Jubilant buys 64 pc stake in US drug co Trinity Labs

Steel majors cut prices on rising inventories

A wild one for the vile!

Sensex hits record high of 7,210 points

Small foreign buyers make it big for textile exporters