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Rediff.com  » Business » Samvat 2070 off to flying start; Sensex, Nifty end at new highs

Samvat 2070 off to flying start; Sensex, Nifty end at new highs

November 03, 2013 20:38 IST

Samvat 2070 off to flying start; Sensex, Nifty end at new highs

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The first trading session of Samvat 2070 year concluded on a positive note on Sunday with the BSE Sensex and the NSE Nifty settling at new all-time closing high of 21,239.36 and 6,317.35 respectively.

The Sensex, which had surged 626.53 in past four sessions, advanced further by 42.55 points, or 0.20 to an all-time closing high of 21,239.36. The gauge hit an intra-day high of 21,321.53 on selective buying, amid renewed optimism on the economic front.

The index had climbed to an all-time high of 21,293.88 in intra-day trade on November 1 and closed at 21,196.81. The Sensex gained 13.5 per cent in Samvat 2069 year.

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Image: Suresh and Vivek Oberoi rings the opening bell of mahurat trading.


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On similar lines, the broad-based National Stock Exchange index Nifty rose by 10.15 points, or 0.16 to end at 6,317.35, after hitting a intra-day high of 6,342.95. Its previous record close of 6,312.45 was hit on November 5, 2010.

The Nifty had registered its all-time intra-day high of 6,357.10 on January 8, 2008.

The rally in the Muhurat session was led by stocks of healthcare, auto, metal and fast moving consumer goods. Twenty-two stocks of the 30-share Sensex pack ended higher today.

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Initial gains were minimised as some investors booked profits to write their first entry with gains on the first special Muhurat session of Hindu Samvat 2070 year, said brokers.

Investors and funds were seen in a cheerful mood and picking front-runner shares as well as midcap stocks to mark the beginning of their new accounts, they added.

Stock markets will remain closed on Monday on account of 'Balipratipada' and resume regular trading on Tuesday (November 5).




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