Mumbai: The Sensex moved past the 8900 mark in early trades and despite losing momentum and turning rangebound after that, ended the session with a sharp gain of 0.4 per cent or 35.82 points at 8,889.03, a new closing high.
At the opening session of the Bombay Stock Excahnge the Sensex touched 8,912.12 points.
The Sensex and Nifty are trading at an all-time high. Buying is seen in capital goods, consumer durables, pharma, metal, auto, and FMCG stocks.
For the first time, the Bombay and National Stock Exchanges are conducting live trading from 1030 hrs IST to 1330 hrs IST to test the functionality of the back-up or disaster recovery site.
The bull run has been due to persistent heavy buying activity by Foreign Insitutional Investors (FIIs).
The BSE 30-share sensitive index opened strong at 8858.20 as against Friday?s close of 8853.21 and rallied further to a peak of 8912.12 during the intra-session trading.
The index was quoted at 8910.58 at 1100 hrs IST, showing a smart gain of 57.37 points over the previous close.
The National Stock Exchange's Nifty index opened flat at 2,664.85 points. The 50-scrip index was trading up 17.70 points at 2,682 at 1100 hrs, a new all-time high, surpassing the previous 2669.
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FIIs continued their buying spree and made a handsome net purchase of Rs 461.40 crore on November 24 and a total net buying of Rs 1364.50 crore during the week till November 24.
During the early trading a large number of shares such as RIL, Infosys Tech, Bajaj Auto, Hero Honda, HLL, ITC, L&T, M&M, Maruti, ONGC, Ranbaxy, REL, Satyam, Tata Motors, Tata Power, TCS, BHEL, Bhari, Grasim, Dr Reddy, Cipla, HDFC, HDFC Bank and Wipro showed smart rally on frantic buying.
The 4000-mark On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
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