Hectic buying lifts BSE, NSE to all-time high

By agencies   |   Wednesday, 22 June 2005, 07:00 Hrs
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MUMBAI: The ongoing booming condition at the equity markets got a further impetus early on Wednesday with the Bombay Stock Exchange (BSE) surging by a whopping 72.10 to 7148.56 in the late morning deals due to frenzied all-round buying with sentiment upbeat for further sharp gain.

The Nifty at the National Stock Exchange (NSE) also zoomed to all-time high at 2192.70 with a sharp gain of 22.70 points.

"Fuelled by the hectic buying by the Foreign Institutional Investors (FIIs), other retail investors and local funds jumped on the buying bandwagon and lifted the BSE Sensex and Nifty to a new historic peak," a forex dealer said.

FIIs had injected a massive $107.2 million on Monday and around $405 million in five trading days, he said.

The top gainers in the buying spree include Reliance, ONGC, Infosys, ZEE, HDFC and IDBI. The firm spots during the early trading were Infosys Tech, Grasim, HDFC, HPCL, Dr Reddy, Ranbaxy, Maruti, ITC, L&T, M&M, ONGC, SAIL, Tata Motors, Tata Steel, Tata Power, TCS, SBI, Bajaj Auto, BHEL, HLL, Cipla, ACC and Zee Tele.

However, RIL, REL, Rel Capital, Satyam Computer, Bharti Tele, Hdfc Bank and Wipro met with fresh selling and were weak.

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