Indian share indices end at record highs


Mumbai : Indian equities rose around one percent Tuesday, lifted by banking and telecom stocks as also an overall optimistic mood, resulting in some key indices soaring to historic highs.

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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 142.25 points, or 0.97 percent, to end at a record all-time closing high of 14,806.51 points. Before that, the key index had hit its all-time intra-day high of 14,828.39 points.

Similarly, the broader 50-issue Nifty of the National Stock Exchange (NSE) rose 1.02 percent, or 43.80 points, to 4,357.55 points after hitting a record high of 4,363.35 points during intra-day trade.

Private telecom service provider Bharti Airtel was the top gainer on the Sensex, up 3.49 percent at Rs.866.60, followed by state-run State Bank, up 3.37 percent at Rs.1, 582.45, and textile major Grasim, up 3.21 percent at Rs.2,702.55.

Fast moving consumer goods major Hindustan Unilever, drug maker Cipla, car maker Maruti Udyog, ICICI Bank, Gujarat Ambuja Cement, hospitality and tobacco major ITC, and telecom service provider Reliance Communications also ended higher.

But technology stocks, oil and natural gas explorer took a beating.

Reliance Energy led the index losers, down 1.60 percent at Rs.614.30, followed by Housing Development Finance Corp, down 1.60 percent at Rs.1,998.20 and top two-wheeler company Bajaj Auto, down 1.45 percent at Rs.2,098.25.

Other losers included State-run Oil and Natural Gas Corp, software exporter Tata Consultancy, aluminium major Hindalco, two-wheeler maker Hero Honda, pharma firm Ranbaxy Laboratories and state-run National Therman Power Corp.