Sensex hits an historic high of 21,034 points

BSE Sensex on October 30, 2013 hit a record high of 21,034 points on global cues and increased FII inflows. The index has surged nearly 105 points to close at all-time high of 21,033.97 on heavy foreign fund inflows in blue chips. The 50-share Nifty index also managed to hit its fresh 35 month high at 6,269.70 and finally closed 30.80 points higher at 6,251.70 points. Foreign funds have continued to buy domestic stocks for 18 straight sessions, encouraging domestic participants to increase bets, they said. Sectorally, the BSE Healthcare sector index gained the most by rising 1.19 per cent, followed by FMCG (1.12 per cent), TECK (0.66 per cent), Power (0.51 per cent) and realty (0.47 per cent). The 25 of Nifty stocks closed in the green and broader market too was positive with advance decline ratio placed at 1.15:1. BSE SENSEX The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX, is a free-float market capitalization-weighted stock market index of 30 well-established and financially sound companies listed on BSE Ltd. Published since 1st January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The term Sensex was coined by Deepak Mohoni, a stock market analyst. The base value of the S&P BSE SENSEX is taken as 100 on 1st April 1979, and its base year as 1978–79. During 2008-12, Sensex 30 Index share of BSE market capitalisation fell from 49% to 25% due to the rise of sectoral indices like BSE PSU, Bankex, BSE-Teck, etc. CNX Nifty: The CNX Nifty, also called the Nifty 50 or simply the Nifty, is National Stock Exchange of India's benchmark index for Indian equity market. Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL is India's first specialized company focused upon the index as a core product. IISL has marketing and licensing agreement with Standard & Poor's for co-branding equity indices. 'CNX' in its name stands for 'CRISIL NSE Index'. The CNX Nifty covers 22 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio.

What: BSE Sensex hit a record high of 21,034 points When: October 30, 2013 Why: Heavy foreign fund inflows