Sensex hits life-time high of 25,711.11; falls on profit booking

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 Sensex hits life-time high of 25,711.11; falls on profit booking
Continuing its record-breaking spree for the fourth session in a row, the benchmark BSE Sensex today hit another life-time high of 25,711.11 on sustained capital inflows as the new government unveiled its agenda for economic reforms.

The 30-share index Sensex, which had gained nearly 775 points in the previous three sessions, later fell and was last trading lower by 138 points at 25,437 points. The Nifty was trading lower by 49 points in trade.

The gauge had touched intra-day high of 25,644.77 yesterday.

Stock brokers said sustained buying by foreign funds and other participants, after Narendra Modi-led government promised investor-friendly reforms and measures to revive country's economic growth, helped the key indices - Sensex and Nifty - to continue their record-breaking spree.

Further, a mixed trend in other Asian markets and overnight gains on US bourses on the back of economic optimism influenced the trading sentiments here, they said. Among other Asian markets, Japan's Nikkei shed 0.44 per cent, while Hong Kong's Hang Seng was up 0.31 per cent in early trade today. The US Dow Jones Industrial Average ended 0.11 per cent higher in yesterday's trade. with inputs from PTI

Read more about: sensex, nifty
Story first published: Tuesday, June 10, 2014, 10:17 [IST]
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