Mumbai May 10 (IANS) With the IMD s prediction of 100 per cent rainfall giving a boost to investors sentiments the Indian equity markets zoomed higher during the mid-afternoon trade session on Wednesday.
The benchmark indices touched record intra-day high levels as positive global cues and healthy buying in automobile capital goods and FMCG stocks too supported the upward trajectory.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) touched a new intra-day high of 9 392.50 points. Similarly the barometer 30-scrip Sensitive Index (Sensex) of the BSE touched a record high of 30 207.13 points intra-day.
At around 12.50 p.m. the NSE Nifty surged by 66.50 points or 0.71 per cent to 9 383.35 points.
The Sensex of the BSE traded above the important 30 000 mark. It opened at 29 988.78 points to trade at 30 172.96 points (at 12.50 p.m.) -- up 239.71 points or 0.80 per cent from the previous day s close at 29 933.25 points.
The BSE market breadth was bullish with 1 560 advances and 1 054 declines.
According to Dhruv Desai Director and Chief Operating Officer of Tradebulls the equity benchmark indices started off the day on a firm note tracking positive Asian cues with the CNX Nifty hitting fresh all time high levels during the morning session.
Sentiments got a boost after the IMD yesterday said the monsoon this year could be normal and bring 100 per cent rainfall instead of 96 per cent it had predicted earlier Desai told IANS.
IT and banking sector stocks currently traded with mixed sentiments due to profit booking at higher levels while media-entertainment and power sector stocks complimented the firmness of the markets.
On Tuesday the Nifty inched up by 2.80 points or 0.03 per cent to close at 9 316.85 points while the BSE Sensex closed at 29 933.25 -- up 7.10 points or 0.02 per cent.
--IANS
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IMD s rain forecast boosts sentiments, Sensex, Nifty touch record intra-day highs (Lead)
