Nifty scales fresh peak of 10,167.15, Sensex climbs 235 pts

The benchmark Nifty today climbed to

new life high of 10,167.15 and the Sensex surged over 235

points in the opening session on fresh capital inflows by

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foreign funds amid positive global cues.

The rally came on the back of buying in capital goods,

auto, power, PSU and banking stocks, rising by up to 1.44 per

cent.

The 50-share NSE Nifty jumped 81.75 points, or 0.81 per

cent, to scale a life high of 10,167.15, breaking its previous

intra-day record of 10,137.85 hit on August 2.

In sync with general trend, the NSE Bank Nifty breached

the 25,000 mark to hit all-time time of 25,062.70.

The 30-share Sensex too was in bullish form, rising

235.45 points, or 0.72 per cent, at 32,508.06. The gauge had

gained 610.64 points in the previous seven sessions.

Meanwhile, domestic institutional investors (DIIs) bought

shares worth a net Rs 125.55 crore while foreign portfolio

investors (FPIs) bought equities of Rs 418.86 crore on Friday,

showed provisional data.

Major gainers were L&T, Tata Motors, Bajaj Auto, Asian

Paints, Bharti Airtel, NTPC, Coal India, Maruti Suzuki, Kotak

Bank, Power Grid, HDFC Bank and SBI.

Continued buying by domestic institutional investors

(DIIs) and fresh fund inflows by foreign investors, which had

been on selling spree, bolstered the trading sentiment,

traders said.

Besides, a firming trend at other Asian markets following

another record finish on Wall Street influenced the sentiment,

they added.

Hong Kong's Hang Seng was trading higher by 1.07 per

cent, while Shanghai Composite rose 0.25 per cent in late

morning trade. Japanese financial markets are closed for

a public holiday today.

The US Dow Jones Industrial Average closed at new highs

in Friday's trade.

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