Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts
The benchmark BSE Sensex and the
broader Nifty climbed to new life-time highs of 32,687.32 and
10,242.45 points, respectively, in opening session on the back
of gains in banking, FMCG, auto and oil and gas stocks.
Uninterrupted buying by domestic institutional investors
(DIIs) bolstered the trading sentiment, traders said.
The rally came on the back of widespread gains led by
metal, auto, FMCG, banking and oil & gas stocks.
Oil-to-telecom conglomerate Reliance Industries was
trading higher by 0.43 per cent at Rs 880.50 after the company
on Friday reported a 12.5 per cent jump in its September
quarter net profit.
The 30-share Sensex soared 254.63 points, or 0.78 per
cent to scale a new high of 32,687.32, breaking its previous
intra-day record of 32,686.48 hit on August 2.
The 50-share NSE Nifty too spurted by 75 points, or 0.73
per cent to scale a fresh life-time high of 10,242.45,
surpassing its previous intra-day record of 10,191.90 touched
Major gainers that shot the key indices to record highs
were Cipla, Tata Motors, Bharti Airtel, Hindustan Unilever,
M&M, Power Grid, Dr Reddy's, Tata Steel, Bajaj Auto, Kotak
Bank, ITC Ltd, Asian Paint and L&T, rising by up to 2.07 per
A firming trend at other Asian markets as investors
tracked another positive lead from Wall Street, influenced the
Hong Kong's Hang Seng was trading higher by 0.94 per
cent, while Shanghai Composite rose 0.14 per cent in late
morning trade. Japan's Nikkei too was up 0.63 per cent.
The US Dow Jones Industrial Average closed 0.13 per cent
higher on Friday.