Stock indices closed at record high on Wednesday, followed by aggressive buying by investors after the International Monetary Fund’s forecast of 5.4 per cent growth for India in 2014. The benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 22702.34 with a gain of 358.89 points or 1.61 per cent. The Sensex touched an intra-day high of 22740.04.
The rally was led by bank stocks which surged by 3.45 per cent followed by metal 2.26 per cent, healthcare 2.21 per cent, realty 1.85 per cent and capital goods 1.83 per cent.
On the BSE, while mid-cap stocks gained by 1.68 per cent, small cap stocks surged by 2.01 per cent.
Meanwhile the rupee closed at 60.14 a dollar on Wednesday, compared to 60.11 on Monday. —