Sensex Breaches 26,000-Mark, Nifty Touches Record High of 7,787.95 Point

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Sensex Touches 26000 For The 1st Time

A benchmark index of the equities markets are at all-time high and the Sensex crossed 26,000 level in the pre-budget rally. The market is expecting a strong reform oriented budget to take the economy back to immense growth track.

Good buying was observed in IT, realty, power and metal stocks, while selling pressure was noticeable in FMCG sector.

Investors are positive that the coming Budget on July 10 will aim at fiscal consolidation as the inflation and deficit are still at higher levels than warranted. Rupee-Symbol

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,039.67 points, was trading at 26,058.61 points (at 9.28 a.m.) in the early session, up 96.55 points or 0.37 percent from the previous day’s close at 25,962.06 points.

The Sensex opened at 26,039.67 points was at 26,058.61 points in trade. The S&P Bombay Stock Exchange (BSE) IT index gained 134.20 points, metal index moved up by 104.37 points and auto index increased by 112.44 points. Nevertheless, FMCG index dropped by 33.15 points.

The wider 50-scrip Nifty of NSE was trading at 0.35 percent up at 7,778.45 points. The gainers were TCS, Infosys and Wipro while among the laggards were ONGC, HDFC Bank, and ITC.

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