The benchmark Sensex regained 19,000 points level on the Bombay Stock Exchange on Friday on aggressive buying by funds, discounting the market regulator’s move on Thursday to restrict foreign funds inflow, and closed at a new peak of over 19,243 points.
The Sensex, which had plummeted in past few sessions from record 19,000 points level, bounced back by 472.28 points to 19,243.17, another record peak set in Friday’s trade, surpassing the previous closing record set on October 15. Similarly, the wide-based National Stock Exchange index shot up by 133.35 points at 5702.30, after touching a high of 5716.90 and a low of 5513.35 points.
Marketmen said the trading activity picked up after the FM P Chidambaram said moves to restrict foreign investment in stocks were aimed at slowing overseas capital flows that have caused a spurt in shares.
