Indian Shares At Record Close Above 10,000 Points

Indian share prices, on Feb. 7, gained 1.02% to close above the psychological 10,000 point level on sustained fund buying on robust economic growth, dealers said.

They said buying was seen across key sectors including banking, software and engineering.

The Mumbai stock exchange's Sensex index closed up 101.86 points at 10,082.28 on higher volumes of 41.46 billion rupees (US$938 million) as 1,031 stocks gained and 1,471 stocks fell. The Sensex touched an historic intra-day high of 10,099.58 against 10,002.8 on Feb. 6.

"The buying momentum continues to be strong and driven by liquidity. We expect some amount of profit booking at record levels in coming days, but investors need to look at quality stocks rather than pure Sensex levels," said R.Balakrishnan, director of Parallex Consultancy Services Ltd.

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