Sensex scales Mount 57,000
New Delhi, Aug 31 (PTI): The BSE benchmark index Sensex has soared over 9 per cent this month to scale the 57,000-mark for the first time on Tuesday, as the bull run continues in the equity market.
The blue chip index reached an all-time intraday high of 57,625.26 on Tuesday, the last trading session of August, a month that has seen the stock market making many new records.
The 30-share index closed with a gain of 662.63 points or 1.16 per cent at 57,552.39, its record close.
Reflecting the strong stock market sentiments despite lingering worries over possible tapering by the US Federal Reserve, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,50,02,084.01 crore at the close of trade on Tuesday. “Led by bulls, domestic indices breached record highs amid broad-based buying due to continuation of Fed’s dovish policy and the expected release of domestic GDP data,” said Vinod Nair, Head of Research at Geojit Financial Services.
This is the fourth day of rally in the equity market, during which the BSE benchmark has jumped 1,608.18 points or 2.87 per cent.
Earlier, on August 4, for the first time, the Sensex sailed past 54,000 points, both at intra-day and closing levels.
