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Showing posts from November, 2010

DEEWALI IN MARKETS A DAY BEFORE

Diwali sparkles came to stock markets a day early today as the BSE benchmark Sensex closed at an all-time high of 20,893.57 points by gaining almost 428 points on robust buying of blue chips like RIL, SBI and HDFC.
This leaves just 107 points to go for the Sensex to breach the landmark 21,000 points level. The Sensex today closed at 20,893.57 points, supassing the previous record of 20,873.33 achieved on January 8, 2008.
During the session, the index today touched an intra-day high of 20,917.03 points.
Another benchmark index, the NSE Nifty, closed at 6,281.80 points, just six points shy of its record close at 6,287.85 on January 8, 2008.
Following today's rally, the Sensex is just 313 points away from its all-time intra-day peak of 21,206.77 points, scaled on January 10, 2008. Equity analysts were enthusiastic the Sensex will surpass this level tomorrow during Muhurat trading.
Marketmen said the investor sentiment is upbeat after state-run Coal India's stellar deb…