Sensex hits another record of 19k
The stock market benchmark Sensex on Monday crossed the psychologically gratifying 19,000 points mark in a record four trading sessions on frantic buying in a number of front-line stocks.
The 1,000 point rally from 18,000 to 19,000 comes within days of Finance Minister P Chidambaram expressing surprise and concern over the surge, which he attributed to speculators, while hoping that things would cool down soon.
The 30-share index registered a whopping gain of 608.03 points to touch the day’s high of 19,027.07.
The record breaking rally betters the previous 16,000-17,000 point journey covered in six sessions. The next milestone came in eight trading sessions.
Major gainers include Reliance Energy, Reliance Communications, Tata Steel, ONGC, Maruti, SBI and Bharti, with gains ranging from four-11 per cent.
Metal stocks were among the most sought after, while significant buying was seen in PSU, oil and gas and banking segment shares.
Mid-cap and small-cap stocks too witnessed significant buying.
Agency
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