The Hindu Business Line : Sensex, Nifty touch new highs

The BSE Sensex crossed the 9,200-mark, while NSE Nifty scaled a new all-time high to end above 2,800 levels. However, today's price movement was not broad-based with several of the mid-cap and small-cap stocks closing lower than their previous day close.

Brokers said firm Asian markets such as Japan and South Korea also helped the stock prices to remain firm. In today's trading, BSE Sensex opened with a positive gap of 27 points at 9,161, but dropped to a low of 9,111 in early deals. However, later it zoomed by 163 points to an intra-day high of 9,274 before closing at a new all-time high of 9,263.90, recording a gain of 130.23 points (1.4 per cent) over the previous closing.

NSE's S&P CNX Nifty rose 36.10 points (1.3 per cent) at a new all-time closing high of 2,812.30, after scaling an all-time intra-day high of 2,815.30.

Brokers said the rise in today's trading was confined more to blue chips and large-cap stocks. They said this was seen from the advance decline ratio on BSE, where for every one share that advanced there was one that declined.

However, the volume in today's trading was good indicating active buying and selling.

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