Sensex hits record high; capital goods stock gain

Business/Economy, India

Mumbai, Aug 28 (IANS) A benchmark index of Indian equities markets Thursday hit a record high of 26,674.38 points before closing the day’s trade at 26,638.11 points — in yet another record.

It surpassed the previous high of 26,630.74 points touched Aug 25. This was the seventh consecutive monthly gain of the benchmark index.
Good buying was observed in capital goods and oil and gas sectors, while selling pressure was seen in metal sector.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,620.18 points, closed the day’s trade at 26,638.11 points (provisional), up 77.96 points or 0.29 percent from the previous day’s close at 26,560.15 points.
The Sensex touched a high of 26,674.38 points and a low of 26,573.69 points in the intra-day trade.
The S&P BSE capital goods index surged by 210.59 points and oil and gas index went up by 117.02 points. However, the metal index dropped sharply by 105.23 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed the day’s trade 18.30 points or 0.23 percent up at 7,954.35 points.

Last modified: October 7, 2014