The benchmark BSE Sensex touched a fresh intra-day high of 22,592.10 in morning trade on Wednesday on persistent buying in auto, consumer durable and IT stocks amid sustained foreign capital inflows and firm global cues.
Foreign institutional investors (FIIs) continued their buying spree and bought shares worth a net Rs 385.66 crore yesterday, as per provisional data from the stock exchanges.
The Sensex opened higher at 22,550.58 and firmed up further to an all—time high of 22,592.10 before quoting at 22,530.15 at 0950 hrs, showing a gain of 83.71 points, or 0.37 per cent, from its last close.
The NSE 50-share Nifty also gained 22.55 points, or 0.34 per cent, to 6,743.60 at 0950 hrs, after registering an all-time high of 6,757.60.
Major gainers were Bharti Airtel (1.71 per cent), ICICI Bank (1.65 per cent), Tata Motors (1.29 per cent), Hero Motocorp (1.09 per cent), Dr Reddy’s Lab (0.94 per cent), Infosys (0.89 per cent) and Tata Power (0.77 per cent).
Asian stocks rose in their early trade today after an increase in US manufacturing boosted optimism about growth in the world’s biggest economy.
Key benchmark indices in Hong Kong, South Korea, China, Singapore, Indonesia, Japan and Taiwan were up between 0.02-1.48 per cent.
US stocks rose on Tuesday as consumer and technology shares pushed the Standard & Poor’s 500 Index to an all-time high, after an increase in a manufacturing index boosted optimism the economy withstood severe winter weather.