Stocks were firmly in the saddle
today as both indices Sensex and Nifty jumped to new peaks
after the announcement of a new US Federal Reserve chief.
Investors also took keen interest in the unveiling of tax
reforms by House Republicans in Washington.
The 30-share index rose by 119.36 points, or 0.35 per
cent, to hit a new peak of 33,692.58, surpassing its previous
intra-day lifetime high of 33,657.57 hit yesterday.
The gauge had retreated from record highs and lost 27.05
points in the previous session.
The 50-share NSE Nifty added 37.90 points, or 0.36 per
cent, at its life high of 10,461.70. The gauge had touched an
intra-day high of 10,453 yesterday.
Foreign funds inflows continued amid encouraging
corporate earnings and mixed global cues.
All sectoral indices, led by realty and consumer
durables, were in the green, with gains of up to 0.83 per
Major gainers included Bharti Airtel, Axis Bank, L&T, Dr
Reddy's and SBI, rising by up to 2.44 per cent.
Hong Kong's Hang Seng was up 0.35 per cent while Shanghai
Composite shed 0.41 per cent. Japanese financial markets are
closed today for a public holiday.
The US Dow Jones Industrial Average closed 0.35 per cent
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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