Continuing its strong showing for the fourth consecutive day, the BSE Sensex made history by touching the 28,000-mark for the first time ever.
However, profit taking and weakness in metal and power stocks dragged the index at close.
The BSE Sensex settled at a new closing peak of 27,915.88, up 0.20 per cent. Similarly on the NSE, the Nifty rose 14.15 points to close at a record 8,338.30.
Finance Minister Arun Jaitley’s assurances at the World Economic Forum in New Delhi heartened investors.
Jaitley said the Government plans to open up the Railways to more private investment, review the tough land purchase rules and relax labour laws, among other things.
Analysts said the market has been in a consolidation phase. Liquidity easing by Bank of Japan and falling crude prices augur well for the Indian market, said Ramesh Chordia, an independent analyst based in Chennai.
“Though the benchmarks will move sideways in the near-term, the mid- and small-cap space will buzz with activity,” he added.
State Bank of India, which will split the face value of it shares to ₹1 on November 20, surged 2.24 per cent to ₹2,782.25. The banking sector index was up 1.41 per cent.
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