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Wednesday, January 21, 2015

BSE Sensex scaled the historical 29,000 peak for the first time Thursday Jan 22,2015

The BSE Sensex scaled the historical 29,000 peak for the first time on Thursday Jan 22,2015, while the Nifty edged above 8,750 as stock markets opened at record highs for the third consecutive session.

The 1,000-point rally in the Sensex, from 28,000 to 29,000, took just 2-1/2 months.

The Sensex had hit 28,000 on November 5, 2014.

Foreign investors bought equity shares worth Rs 2065.49 crore on Wednesday extending their buying streak to five consecutive sessions

FIIs have now bought equities worth Rs 6,500 crore or over $1 billion in just five days.

Markets are now on course for a sixth straight day of gains amid a record setting rally that started with a surprise rate cut by the Reserve Bank of India last week

Gains were led by metal, capital goods, FMCG and IT stocks

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