Mumbai, Dec 12: The benchmark Sensex of the Bombay Stock Exchange today hit a fresh all-time intraday high before closing 84.98 points up at a record high of 20375.87 despite weak global cues after an US Fed cut.
Sensex today resumed on a negative gap of 93.45 points at 20197.44 in the early trade. The index soon slipped to a low of 20,045, moving down 246 points from the previous close of 20290.89. Later, it gained momentum and hit an all-time intra-day high of 20419.11, climbing up 373.69 points from its day's low on aggressive buying during the last hour of trade.
Likewise, the National Stock Exchange (NSE)'s Nifty index rose by 62.05 points to a fresh all-time high of 6159.30. It started about 30 points low at 6067.05 in early trade. Later, it hit an all-time intraday high of 6175.65 and a low of 6005.47 during the day trade.
The market had lost ground in the afternoon trade after staging a rebound from lower levels in early trade from an initial slump. IT and banking majors declined, while realty, healthcare and metal stocks gained.
Reliance Industries was flat. HDFC and Reliance Communications were the major gainers, while Infosys and Satyam Computer Services were the major losers from the Sensex pack, traders said.
The market breadth was strong. BSE Mid-Cap and Small-Cap indices hit all-time highs today and both the indices outperformed Sensex.
Edelweiss Capital surged on debut. On BSE, 2,080 stocks advanced, 776 stocks declined and 28 stocks remained unchanged. Eighteen out of 30 stocks from the Sensex pack were in the green. The BSE clocked a turnover of Rs 9,574 crore, compared to the previous day's turnover of Rs 8227.36 crore.