The benchmark Sensex on Friday hit a new peak of 16,564.23 by gaining 216.28 points in scrip specific activities, propelled by a sharp rally in top heavyweight RIL and sustained fall in inflation rate.
The Bombay Stock Exchange (BSE) 30-share barometer initially touched a low of 15,308.09. But emergence of buying after mid-session pushed it to a new intra-day high of 16,616.84 before concluding at 16,564.23, a sharp rise of 1.32 per cent over Thursday’s close of 16,347.95.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) crossed 4,800-mark for the first time to a high of 4,855.70. It ended at 4,837.55, a new closing peak, from Thursday’s close of 4,747.55, a net gain of 90.00 points or 1.90 per cent.
FIIs once again turned out to be the main driving force behind the current rally as they picked up shares worth Rs 2,484.50 crore on September 19, 2007 and pumped in another Rs 1,627.44 crore (provisional) on Thursday.
