Mumbai: Sensex has breached the formidable 9,000 mark in the afternoon trading at the Bombay Stock Exchange(BSE).
The market was buoyed by early morning trading and expectations were high after heavy duty buying during the morning trading.
The Sensex started sharply higher and rose to a high of 8981 within the first 10 minutes of trading at the Bombay Stock Exchange (BSE) due to sustained heavy buying activity.
The BSE 30-share sensitive-index started the day on a new high of 8905.68 as against Saturday's close of 8889.03 and shot up to a record high of 8981.
Leading the charge on the Sensex was BHEL at Rs 1,465. Wipro was also one of the heavy gainers at 2.1 per cent and is hovering at Rs 445 levels.
HLL, ITC Limited, ONGC and ICICI Bank are the other industrial heavyweights trading profitably.
In the broader markets, the Nifty firmed up by 0.8 per cent and is hovering at 2,704 levels.
Federation of Indian Industries (FIIs), the major drive behind the record-breaking rally in stock prices, continued to purchase equities in large quantity in the hope that country's economic conditions and corporate fundaments will continue to be robust, brokers said.
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All the index-based shares were trading sharply higher during the early trade.
The 4000-mark On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
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