Sensex hits new record high of 22,812, Nifty at 6,827

Posted on Apr 22 2014 - 5:14pm by IBC News

The benchmark BSE Sensex on Tuesday soared to a new record high of 22,812.36 in opening trade on sustained foreign capital inflows and tracking positive domestic cues including robust corporate earnings.

The NSE index Nifty also rose 9.55 points, or 0.14 per cent, to trade at a fresh high of 6,827.20, surpassing the previous intra-day high of 6,825.45 reached on Monday.

The 30-share index, which had gained over 487 points in the previous two sessions, climbed to another record of 22.812.36 by rising 47.53 points, or 0.20 per cent.

All the sectoral indices, led by realty and capital goods, were trading in positive territory with gains up to 0.72

per cent.

Brokers said sustained buying by funds and retail investors, driven by encouraging fourth quarter earnings by bluechip companies and positive economic factors, helped the Sensex and Nifty to scale life-time highs.

The BSE realty sector index gained the most by rising 0.72 per cent, while capital goods sector index up 0.60 per cent.

In the Asian region, Japan’s Nikkei rose 0.30 per cent, while Hong Kong’s Hang Seng shed 0.24 per cent in early trade on Tuesday.

The US Dow Jones Industrial Average closed 0.25 per cent higher in yesterday’s trade on the back of strong corporate earnings this season.