New peak still lures Sensex

Mumbai: Markets were on a roll last week and even though there was extreme volatility, they continued their upward march. Nifty has made a new high this week effectively on every trading session. However, the BSE Sensex has yet to cross the high of 73,427.59 points, which was made on January 16. The new high made on Friday on Nifty was at 22,297.50 points, while BSE Sensex reached 73,413.93 points, short of previous high by a mere 14 points. This makes one believe that sooner than later this would be breached and also confirming that Niftyis yet to make another high on Monday or Tuesday. The current value of Nifty is higher by 860.10 points or 4.03 per cent. The February series had begun at a level of 21,352.60 points. Currently, the bulls have complete control of the series and there is no way that they would allow the series to slip out of their hands.