The Hindu Business Line : Sensex tests 6,900 level intra-day

THE Sensex scaled another record, crossing the 6,900-level during Monday's trade. The index touched an intra-day high of 6,902.49 before closing at 6,878.98.

Smart rallies in index heavyweights including Reliance Industries Ltd, Reliance Energy, HDFC, and State Bank of India helped propel the Sensex to its new highs.

The Nifty gained 11.95 points to close trade at 2,160.10, also another high.

One of the bigger gainers today was Punjab National Bank whose public issue opened this morning. The issue, of eight crore shares, was subscribed over three times and was sold out in less than 30 minutes.

The scrip touched its 52-week high of Rs 521, before closing at Rs 509.40, up Rs 33.15 from Friday's close.

Rally in the scrip also triggered a good run for the rest of the banking sector.

BSE's Bankex was the biggest gainer, appreciating by 2.42 per cent in today's trade.

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