Millennium Post

FIIs propel Sensex, Nifty to 4th straight day of record highs

The benchmark index Sensex continued its record setting spree for the fourth straight day as buying by FIIs in banking and oil & gas stocks pushed the barometer up by 119.07 points to close at fresh all-time high of 22,214.37 Thursday. The Nifty index of the National Stock Exchange too bettered its record closing level by 40.35 points, or 0.61 per cent, at 6,641.75 points.

The 30-share Sensex touched a record intra-day peak level of 22,307.74, while Nifty shot to intra-day high of 6,673.95 points. Both the indices have touched record levels in the last four sessions on continued buying by FIIs, brokers said. FIIs, according to provisional Sebi data, put $171.26 million in equities on Thursday.

Positive global trends and major participants buying to cover their pending positions on the last day of settlement in the derivatives segment also supported the uptrend to some extent, brokers said. Banking major SBI rose the most by 4.04 per cent among Sensex scrips after a foreign brokerage upgraded the stock to buy.

Of the 30 BSE index stocks, 20 gained. The PSU sector index gained the most by rising 1.48 per cent to 6,228.67, followed by consumer durable index by 1.46 per cent to 6,317.57.
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