Sensex closes above 40000 mark for 1st time |
The Bombay stock exchange indices Sensex went to an all-time intra-day high of 40,309 points ahead of Thursday`s RBI monetary policy, which is expected to cut interest rates to boost a slowing economy. It gained 553 points and ended monday at 40,268 points which is also a record close, and the first time the index settled above the 40k mark. On the National Stock Exchange too, the Nifty ended at an all-time high of 12,089— up by 166 points on the day. It was also its first 12,000-plus closing. Sensex had crossed the 40,000 mark for the first time on May 23, the day the poll results were announced, but closed below that mark due to profit-booking by traders and speculators. Monday`s rally also made investors richer by 26 billion dollars with the BSE`s market cap now at 2,249.8 billion dollars. The day`s gains came on the back of strong buying in Reliance Industries, HDFC, HDFC Bank, Tata Consultancy Services and Hindustan UniLever, which contributed more than half of the index`s rise. Of the 30 index constituents, only three—NTPC, ITC and ICICI Bank—closed in the red.
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