Sensex closes at 8994 points
Sensex closes at 8994 points
As the sensex zoomed past the 9000-point mark, retail investors made heavy buying. It shows a 1.19 per cent rise over the previous close.

New Delhi: Following frantic buying activity by Foreign Institutional Investors(FIIs), the sensex ended at a new closing peak of 8994.94 points at the Bombay Stock Exchange (BSE) on Monday.

With the sensex hitting an intra-day historic high of 9005.63 points, operators and retail investors made heavy buying.

Leading the charge on the Sensex was BHEL at Rs 1,465. Wipro was also one of the heavy gainers at 2.1 per cent and is hovering at Rs 445 levels.

HLL, ITC Limited, ONGC and ICICI Bank are the other industrial heavyweights trading profitably.

Federation of Indian Industries (FIIs), the major drive behind the record-breaking rally in stock prices, continued to purchase equities in large quantity in the hope that country's economic conditions and corporate fundaments will continue to be robust, brokers said.

The BSE 30-share sensitive index opened firm at 8905.68 as against last Saturday's close of 8889.03 and thereafter skyrocketed to 9005.63.

Later, it eased marginaly on some profitselling but still settled at a new historic closing high of 8994.94, revealing a 105.91 points or 1.19 per cent rise over the previous close.

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