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Record highs: Sensex crosses 59k mark; Telecom stocks soar
TIWN
Record highs: Sensex crosses 59k mark; Telecom stocks soar
PHOTO : TIWN

Mumbai, Sep 16 (TIWN) India's key stock indices rose during mid-afternoon trade session on Thursday to reach new intra-day record high levels.

The Sensex crossed the 59,000 mark, while Nifty breached the 17,500 level.  As per market observers, the up moves comes a day after government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others.  Initially, both key indices had a gap-up opening.  However, global cues capped gains as Asian markets were largely weak as the debt crisis at China Evergrande Group and Beijing's latest push to rein in private industries hurt sentiments.  Among sectors, Telecom, Banks and FMCG indices rose the most.  At 2.00 p.m., S&P BSE Sensex traded at 59,057.82 points, higher by 334.62 points or 0.57 per cent from its previous close.

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