Indian shares touch 20,000 points
Mumbai, October 29:
It has been a phenomenal start for the week in the Indian capital markets where domestic players like mutual funds and insurance giants led a bull charge and rushed a benchmark index up to a new peak of 20,000 points today. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) hit an all-time high of 20,000, up by 760 points or 3.96 per cent. It took Sensex just 11 trading sessions to gain 1,000 points.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) also scored a double century, touching its all-time high of 5,900. The market saw an exceptionally bullish trend on opening today and opened over 600 points up from Friday’s close on account of strong cues from global markets. Indian American depository receipts (ADR) also closed strong Friday.
It was yet another day of strength for the markets that have scaled new peaks in recent weeks. The market breadth is positive with impressive trading volumes seen all across the board. All key indices were trading in the green and there were no losers am-ong Sensex stocks today.
The capital goods sector was pulling up the index at a breakneck speed. Among sectoral indices, the BSE capital goods index was the top gainer, moving up by 3.7 per cent or 690 points. The key gainers included Thermax, Gamm-on India, BHEL, Alfa-Laval and Larsen & Toubro, each vaulting over five per cent.