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Wednesday, 23 October 2013

Sensex rises above 21,000 for first time since Nov 2010

Sensex rises above 21,000 for first time since Nov 2010

MUMBAI (Reuters) - The BSE Sensex rose above the 21,000 level for the first time in nearly 3 years, led by gains in banking and reality stocks ahead of the central bank's policy review next week while robust foreign investment flows aided.

Foreign funds have bought $1.7 billion in Indian equities so far this month, taking their total purchases for the year to $15.35 billion.

The BSE Sensex rose over 1 percent to 21,002.50, marking it highest intraday level since November 2010, while the broader Nifty gained more than 1 percent to 6,243.90.

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