Sensex hits sixth straight record high; blue-chips gain

Mon Mar 31, 2014 11:00am IST

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A bronze bull sculpture is seen as an employee walks out of the Bombay Stock Exchange (BSE) building in Mumbai August 22, 2013.

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Reuters Market Eye - The Sensex hit record highs for a sixth consecutive session on Monday on the back of continued gains in blue-chips.
The BSE Sensex is up 0.27 percent, after earlier gaining as much as 0.6 percent to a record high of 22,467.21 points, while the Nifty is up 0.14 percent after earlier touching an all-time high at 6,730.05 points.
The Nifty is up around 6.9 percent so far this month, headed for its biggest gain since October 2013. For the quarter, the index is up around 6.5 percent, its second consecutive monthly increase after a 9.9 percent rise in October-December.
Blue-chips lead gains. Bharti Airtel (BRTI.NS) gains 2.6 percent, Hindalco Industries (HALC.NS) up 1.8 percent and Reliance Industries (RELI.NS) gains 0.52 percent.
Foreign institutional investors bought Indian shares worth 13.63 billion rupees on Friday, provisional exchange data showed.
Overseas investors have so far ignored everything negative globally, with overseas funds purchasing a net $3.2 billion so far this month, exchange and regulatory data showed.
(Reporting by Indulal P               
MITHILESH CHAUBE
PGDM 2nd