Mumbai, Jan. 22: The benchmark BSE Sensex today rose 87 points to close at an all-time high of 21337.67 on buying sentiment buoyed by promising corporate earnings and hopes of a rate cut next week by the Reserve Bank.
The 30-share BSE barometer moved in a narrow range till late afternoon deals. But buying at the fag-end lifted the Sensex to its all-time closing high of 21337.67, a rise of 86.55 points, or 0.41 per cent, completing three straight days of gains.
In three sessions, the key index has jumped 247.05 points, or 1.30 per cent.
The previous closing high was 21326.42 points, on December 9.
Jignesh Chaudhary, head of research, Veracity Broking Services, however, said, “Markets are going to follow a cautious approach in trading ahead of the RBI policy review meet on January 28.”
Buying interest in RIL, Sun Pharma, ICICI Bank, Bharti Airtel, Tata Steel, HUL and M&M mainly kept the market tempo upbeat.
Broader 50-issue Nifty of the NSE also improved 25.15 points to log its second highest closing of 6338.95. Its record closing high was 6363.90 points on December 9.
The major Sensex gainers were Sun Pharma at 2.85 per cent, Tata Steel at 2.28 per cent, Hindalco 2.04 per cent, Bharti Airtel 1.56 per cent, NTPC 1.38 per cent and M&M at 1.25 per cent.