Sensex revisits 29-month high on FII's buying spree

Jul 24, 2010 |

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Mumbai, July 24: The BSE benchmark-Sensex scaled to a 29-month closing peak during the week on rise in metal, capital goods, PSU and auto counters in view of announcement of good corporate results for the first quarter coupled with sustained FII's buying.

Markets continued to rule firm for the third consecutive week by gaining more than 670 points, or 3.84 per cent on the back of persistent FII's buying.

As per the SEBI sources and the provisional figures of stock exchanges the foreign funds continued their buying spree, as they bought shares worth Rs 1,794.38 crores during the current week.

The BSE benchmark Sensex ended the week at 18,130.98, as against the last weekend's level of 17,955.82, showing a rise of 175.16 points or 0.98 per cent, its highest closing level since 6th Feburary 2008.

The NSE-50 share Nifty also gained by 55.20 points, or 1.

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