The Hindu Business Line : Sensex up 176 points on fund buying

Fund buying on robust corporate earnings along with positive news flows on pharma majors Dr Reddy's and Ranbaxy Labs lifted most stock indices to yet another lifetime high on Tuesday.

The benchmark BSE-30 Sensex, which opened at 12,103.78, gained momentum immediately and touched the day's high of 12,288.51, before closing at 12,218.78, an increase of 176.22 points (1.46 per cent) from Saturday's close.

Cement cos under pressure

Dealers said cement stocks witnessed selling pressure mid-session on reports that the Government was "concerned" about rising cement prices. The Government has called for a meeting to discuss this issue, news reports said.

NSE's S&P CNX Nifty also scaled a new peak to 3,605.45, a gain of 47.85 points (1.35 per cent).

The broadbased BSE-100 rose by 92.65 points (1.48 per cent) to 6,344.04 while BSE-500 ended at 4,896.04, up 66.31 points (1.37 per cent) from Saturday.

Related Stories:
Sensex hits new high on fund buying

More Stories on : Stock Markets | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
3 Murugappa cos eye ECB route to raise funds

Spectrum battle reaches PM's Office

HC stays SEBI order on Karvy

LNG deal with Iran runs into rough patch

RIL seeks parity with PSUs over sale of petro products at controlled price

Rein in cement prices: Govt

Tata Tea UK arm to buy Czech firm JEMCA

SMBs to spend $134 m on security this year

HDFC net up 23 pc in Q4

Sensex up 176 points on fund buying

L&T forays into shipbuilding