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Business News » India News

Sensex hits new peak of 33,295, Nifty at 10,369 pts

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The benchmark Sensex and the broader

Nifty today jumped to new life highs of 33,295 and 10,369,

respectively, with encouraging quarterly earnings sending out

a positive signal among investors.

PSU, consumer durables, infrastructure and auto stocks

remained in the lead. Positive Asian shares added to optimism.

Buying by domestic institutional investors (DIIs) lifted

mood too, traders said.

The 30-share Sensex climbed 138.11 points, or 0.41 per

cent, to scale a new high of 33,295.33, breaching its previous

intra-day record of 33,286.51 hit on October 27.

All the sectoral indices led by PSU and infrastructure

were trading in positive territory, with gains of up to 0.98

per cent.

The 50-share NSE Nifty too rose 46.10 points, or 0.44 per

cent, to scale a fresh lifetime high of 10,369.15, breaking

its previous intra-day record of 10,366.15 touched on Friday.

Stock of Maruti Suzuki India, the country's largest

carmaker, was trading up by 1.44 per cent as its second

quarter net profit edged up.

Others that lifted the key indices to record highs are

ONGC, Reliance Industries, Bharti Airtel, Tata Steel and SBI,

rising by up to 2.51 per cent.

Other Asian markets saw a firming trend as investors

tracked a record closing on Wall Street on Friday.

Hong Kong's Hang Seng was trading higher by 0.06 per

cent while Japan's Nikkei rose 0.35 per cent. Shanghai

Composite, however, shed 0.09 per cent today.

The US Dow Jones Industrial Average closed 0.14 per cent

higher on Friday.

 

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

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TAGS:
Economy
Updated: Mon, Oct 30, 2017
09:59 am
PTI
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