Sensex hits all-time high

It was the day of bulls. Dalal Street staged a scintillating rally as a host of factors like strong industrial production data for November 2006, firm Asian markets and changes in the banking law propelled the Sensex and Nifty to all-time highs. With buyers making a beeline to the market, the Sensex jumped 426 points 3.1 per cent to a lifetime closing high of 14,056.53.

The barometer index hit the all-time high of 14,070.88 in intra-day trading. The S038;P CNX Nifty gained 110.20 points 2.8 per cent, to a lifetime closing high of 4,052.45.

The NSE Nifty struck an all-time peak of 4,059.15 in late trading. Investor wealth 8212; market capitalisation, or total market value of all listed shares jumped by Rs 109,000 crore to Rs 36,58,000 crore. The big rally was dramatic and swift. After a fall of about 500 points in first three trading sessions this week, the benchmark index rose 700 points in two sessions on Thursday and Friday.