New records settled in stock market as BSE, NSE roars high

stock-MarketOn hopes of bright spur in Eurozone and positive Asian cues after investors welcomed data signifying the U.S. economy is back on track, for the fifth consecutive day, Indian stocks rose on sensex on Wednesday jumping 117.34 points on closing.

BSE touched an intra-day high of 26,599.12 points on rise in ICICI Bank, ONGC, Tata Motors, Dr Reddy, Wipro, Infosys, Hindalco and HeroMotocorp shares. Though it surrendered some of gains later but settled a new closing record of 26,560.15, with a rise of 117.34 points.

The Sensex gained about 246 points in the last five days.

Nifty gained 31.30 points to settle the new closing high of 7,936.05 after reaching the intra-day high of 7,946.85.

Speaking on the trend, Nidhi Saraswat, senior research analyst, Bonanza Portfolio, said, “Positive global cues and likelihood for further monetary stimulus from European Central Bank (ECB) boosted the market sentiment…stocks from oil & gas sector also gained on hopes of proper reforms for subsidies”.

Medaram Jathara

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