The Sensex hit a new high of 60,412, rising 29 points to 600,777
IT, pharma stocks sell for profit: Banking, auto, realty stocks surge (Gujarat News Correspondent) MUMBAI: On the first day of the September weekend in derivatives, funds called for the expected shock after the Sensex, Nifty-based new record high. With the monsoon progressing well and vehicle purchases expected to grow in anticipation of strong growth in the rural economy along with the agricultural sector in the coming days, funds today maintained a historic bullish sentiment, led by automobile stocks and banking-finance, realty stocks. The Sensex closed at a historic new high as the Nifty approached a record high intra-day, hitting a new historic high. Of course, funds today took a break from record-breaking gains in profit-booking in healthcare-pharmaceuticals, FMCG stocks, as well as easing the overbought position in long-term IT-software services, technology stocks. Foreign portfolio investors' (FPI-FII) stocks have been buying steadily for the past few days, slowing down to...