Stock market surges for 10th consecutive day

Our Correspondent

The stock market has reached new heights. The Nifty on January 5 witnessed the first rise of 14,200 points. This is the tenth consecutive day that the stock market has gained.

IT and banking financial services stocks were the top gainers. Although the trade started with a loss in the morning, the bulls used the decline as an investment opportunity.

The Nifty set a new record high of 14,215. Similarly, Nifty closed 66 points higher at 14,199.50. The Sensex closed at 48,437. The Sensex up 261 points.

The continued investment by foreign investment firms was behind the boom. The Nifty IT index is up 2.26 per cent.

Axis Bank, HDFC, IndusInd Bank, HDFC Life and Wipro were the top gainers. Axis Bank rose above 6 per cent.