27.5.14

Sensex hits 25k again


The Sensex breached 25,000 for the second time in its history on Monday, swinging 742 points between the day’s high and low, but gave up initial gains to close almost flat amid heavy profit booking ahead of Narendra Modi’s swearing-in as Prime Minister.
The benchmark index gained 24 points, or 0.1%, to end at a record 24,716.88. It had hit a lifetime high of 25,375.63 on May 16, the day of the election results.
The NSE Nifty, which gained 136 points during the day, ended 8 points, or 0.1%, down at 7,359.05.

The rupee also fell 19 paise — its sharpest drop in over a month — to close at 58.71 against the dollar, amid demand for the American currency from oil importers and profit-booking in equities.

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