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
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
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,
Besides, a firming trend at other Asian markets following
another record finish on Wall Street influenced the sentiment,
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.)
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