TOP STORIES

Rush for N-deal

Lausanne: Marathon talks aimed at curtailing Iran's nuclear programme stretched into the night as...... Read More >>

Britain Queen faces first-ever staff strike

London: For the first time in history, Britain's Queen Elizabeth II faces the prospect of her...... Read More >>

Woods slips out of top 100

Los Angeles: Tiger Woods has dropped outside the top 100 in the world golf rankings for the first...... Read More >>

Amitabh by the Nile

India’s megastar Amitabh Bachchan inaugurated the third edition of the India by the Nile festival...... Read More >>

Starc's star on the rise

Dubai: Australian paceman Mitchell Starc rose to No.1 in the ICC rankings while a lacklustre World...... Read More >>

MOST POPULAR

VIDEO

Sensex breaches 24,000 level on exit polls forecast

Tuesday, 13 May 2014
PTI

Mumbai: The benchmark Sensex crossed 24,000 mark for the first time on sustained FII buying in power, consumer durables, PSUs, banking and capital goods stocks after exit polls showed the BJP-led NDA will form the new government at the Centre.

The 30-share BSE barometer, after opening on a strong note, breached 24,000 level to trade at an all-time high of 24,068.94 by surging 517.94 points, or 2.19 per cent, at 1200 hours.

The rally was led by stocks of Coal India, Reliance Industries, SBI, ICICI Bank, NTPC, ONGC, Larsen and Toubro, ITC, Maruti Suzuki and Infosys.

The Sensex had gained over 1,206 points in the last two trading sessions.

The broad-based Nifty of the National Stock Exchange zoomed by 151.50 points, or 2.16 per cent, to hit a new high of 7,165.75.

Stocks of PSUs, oil and gas and capital goods sectors turned investors' fancy, helping the key indices to touch historic highs.

Besides, positive global cues too triggered buying by foreign funds, they said.

The power sector index gained the most by rising 4.45 per cent to 1,875.41, followed by capital goods index by 4.17 per cent to 13,450.52.


      

Today's E-Paper

Polls