Sensex opens at historic high at 32,995.28 pts; 388 points up

Mumbai, Oct 24: The benchmark index of Bombay Stock Exchange (BSE) opened life-time high at 32,995.28 as Banking stocks spurted after the government announced a Rs 2.11 lakh crore recapitalisation plan for NPA-hit state-run lenders. The National Stock Exchange (NSE) too went up by 114 points to 10,321.15. The BSE registered intra day high to breach 33K level to 33,177.33 and low at 32,804.60 respectively. The National Stock Exchange (NSE) recorded day intra day and low at 10,340.55 and 10,240.90 respectively. The sectoral indices like Industrials, IT, Utilities, Power and Bankex lifted the market. The scrips like SBI, ICICI Bank, L & T and Axis Bank advanced however, Kotak Bank, HDFC Bank, HDFC and Asian Paints declined that capped from further gain, broker informed. The Finance Minister Arun Jaitley on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth, brokers said. UNI