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Sensex hits 23-week high, moves closer to 18,000 mark

PTI 23 Aug 2012, 14:32:40 PM IST
Mumbai, Aug 23: The BSE Sensex hit 23-week high of 17,950.93 today moving close to the 18k mark on the back of fresh buying in metals, IT, healthcare, tech and consumer durable sectors amid sustained capital inflows and higher global advices.

Metal stocks gained as LMEX, a gauge of six metals traded on the London Metal Exchange rose 0.44 per cent yesterday. Sterlite Industries, JSW Steel, Jindal Steel & Power, Tata Steel, Sail, Hindalco Industries and Hindustan Zinc rose by up to 3.14 per cent.

Foreign institutional investors (FIIs), meanwhile, bought shares worth Rs 96.63 crore from the secondary equity markets yesterday as per provisional data from the stock exchanges.