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       Sensex creates a record at 34,087, oil stocks jump
 
         Posted on :10:10:14 Dec 27, 2017
   
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       Last edited on:10:10:14 Dec 27, 2017
         Tags: Sensex creates a record at 34,087, oil stocks
 

MUMBAI: The benchmark Sensex Wednesday achieved yet another record by scaling 34,087 on the back of a rally in healthcare, power and oil stocks.

Oil prices surged to the highest level since mid-2015, breaching above the USD 60 a barrel, after a pipeline blast in Libya restricted Opec production.

The 30-share Sensex was up 76.71 points, or 0.22 per cent, to scale a new high of 34,087.32, breaching its previous intra-day record of 34,061.88 hit yesterday.

The gauge had gained 254.33 points in the previous two sessions.

The broader Nifty was however flat, up 1.75 points, or 0.01 per cent, at 10,533.25.

Major movers were Sun Pharma, NTPC, ONGC and Tata Motors, gaining up to 2.88 per cent.

Buying by domestic institutional investors continued ahead of December expiry tomorrow.

Asian stocks were mixed today in a holiday-shortened week.

Domestic institutional investors (DIIs) purchased equities worth a net Rs. 544.50 crore yesterday while foreign portfolio investors (FPIs) sold shares worth a net Rs. 44.07 crore, provisional data showed.

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