Nifty hits fresh high of 10,178.95, Sensex up 100 points

The Nifty advanced by around 26

points or 0.25 per cent to scale a new high of 10,178.95 while

the Sensex rallied over 100 points in opening today on the

back of persistent buying by domestic institutional investors

amid positive Asian cues.

The Nifty rallied 25.85 points, or 0.25 per cent, to a

new record high of 10,178.95, surpassing its previous intra-

day high of 10,171.70 it touched yesterday.

Rising for the ninth day, the 30-share Sensex advanced by

100.35 points, or 0.30 per cent, to 32,524.11. The gauge had

risen 761.79 points in the previous eight straight sessions.

Sectoral indices of auto, realty, healthcare, consumer

durables and oil & gas were in the positive space, rising up

to 0.69 per cent.

Brokers said continuous buying by DIIs coupled with

short-covering by speculators and a firming trend at other

Asian markets in line with another record performance on the

Wall Street overnight buoyed trading sentiments here.

Prominent gainers were Tata Motors, Sun Pharma, Tata

Steel, HDFC Bank, Lupin, Kotak Bank, M&M, Hero MotoCorp, Dr

Reddy's, Bharti Airtel and Bajaj Auto, helping the broader

Nifty to trade at fresh life high.

Among Asian markets, Hong Kong's Hang Seng advanced 0.14

per cent while Japan's Nikkei gained 1.47 per cent in early

trade today. Shanghai Composite was slightly down.

The US Dow Jones Industrial Average ended 0.28 per cent

higher yesterday.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)