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Sensex touches all-time high of 21,230

This article was posted on Nov 1, 2013 and is filed under Market News

Zee Media Bureau

New Delhi: The BSE Sensex on Friday hit an all-time high of 21,230.67 on strong foreign inflows and gains led by IT, metal, banking and Auto sector.

The 50-share Nifty index, 35 points short of touching its all time high, was trading at 6,322 points.

Stock brokers said sentiments remained bullish on continued foreign funds inflow and the RBI easing liquidity situation by cutting marginal standing facility (MSF) to 8.75 percent in its monetary policy on Tuesday.

The Sensex gained 9.2 percent in October, its biggest monthly gain since January 2012 on strong foreign inflows as a delay in the U.S. Federal Reserve’s tapering of monetary stimulus led to a surge of money in risk assets.

Meanwhile, Asian shares sagged on Friday though upbeat signals on China’s manufacturing activity limited losses, while the dollar pushed higher after upbeat U.S. data led some investors to price-in a less dovish stance at the US Federal Reserve.

Source: Zeenews.com

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