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New high: Sensex hits 28000, Nifty above 8350; midcaps soar

Sun Pharma, SBI, Axis Bank, Tata Power and GAIL are top gainers in the Sensex. Among the losers are Coal India, Bharti Airtel, Sesa Sterlite, Hindalco and Tata Steel. Rashtriya Chemicals, ABG Shipyard, Prism Cement, Hexaware Tech and Jyothy Labs are major gainers in the midcap segment.

10:12

The News International Team

The market has made record highs once again. The Sensex has hit the magical 28000 levels, up 142.10 points or 0.5 percent at 28002.48. The Nifty also is at 8351.90, up 27 points. The midcap index also touched a new high above the 10000-level.

About 1364 shares have advanced, 548 shares declined, and 65 shares are unchanged.

Sun Pharma, SBI, Axis Bank, Tata Power and GAIL are top gainers in the Sensex. Among the losers are Coal India, Bharti Airtel, Sesa Sterlite, Hindalco and Tata Steel. Rashtriya Chemicals, ABG Shipyard, Prism Cement, Hexaware Tech and Jyothy Labs are major gainers in the midcap segment.

Japanese stocks stepped back as heavyweight Softbank tumbled after slashing its profit forecast, while the broader market took a breather after outsized gains inspired by a fresh stimulus drive by the Bank of Japan.

The Nikkei benchmark soared 7.5 percent in the last two trading days, sending the index to its highest point since before the collapse of Lehman Brothers. Tuesday also saw the second highest turnover of shares on record, as investors cheered the BOJ’s policy announcement on Friday, as well as the Government Pension Investment Fund’s decision to increase its allocation of funds to domestic stocks.

09:15

Sensex up over 100 pts, Nifty holds 8350; SBI, ITC gainers

Tata Power, TCS, Sun Pharma, Sesa Sterlite, ICICI Bank are top gainers in the Sensex. Among the losers are Tata Motors, NTPC, Infosys, HUL and Maruti are among the losers.

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