By IANS
Mumbai : A key market index ended Tuesday on a yet another record high, led by Reliance Industries and Bharti Airtel. The benchmark index had earlier in the day scaled the 21,000-point mark, maintaining the growth momentum in the New Year.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 20,873.33 points, up 60.68 points or 0.29 percent. It had earlier reached a record of 21,077.53 points in early trade.
The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) opened the day at 6,282.45 points and marked a high of 6,357.10, before closing at 6,287.85 points, a rise of 8.75 points.
The market breadth was weak. Healthcare, metal, consumer durable and auto stocks declined. IT stocks rose. Reliance Industries edged higher.
European markets, which opened after the Indian markets, were firm. Signals from the Asian markets that opened before the Indian markets were mixed.
At NSE, Reliance Natural led the gainers followed by Reliance Industries, Reliance Petro, Reliance Communications and Reliance Energy. Reliance was frontrunner at both the top bourses.
“The Reliance groups are going to dominate the sentiment till the closure of Reliance Power’s initial public offering. IT stocks may rally post-Infosys results that are scheduled for Jan 11,” said Amit Vora of K.G. Vora Securities Ltd.
NSE witnessed a total turnover of Rs.254.35 billion ($6.48 billion) and BSE reported a turnover of Rs.106.72 billion ($2.72 billion).