Published: Sat, January 13, 2018
Hi-Tech | By Ellis Neal

Sensex, Nifty scale new peaks, end at lifetime highs on sustained buying

Sensex, Nifty scale new peaks, end at lifetime highs on sustained buying

Asian markets were mixed, USA equities rose to record highs yesterday as investors remained optimistic about the market heading into the corporate earnings season.

India's stock exchanges set new records with the Benchmark indices Sensex and Nifty opening at new record highs on 12 January 2018.

The 30-share Sensex, after a cautious start, gathered momentum and rallied to 34,558.88, before ending at 34,503.49, a rise of 70.42 points, or 0.20 per cent.

The Nifty50 too had opened at a fresh level of 10,682.55 points and touched a new intra-day high of 10,690.25 points.

Globally, Asian stocks closed mostly higher after oil prices rallied overnight and China dismissed media reports that officials have recommended slowing or halting purchases of USA debt.

At 3:30 pm: The Indian equity indices gained lost ground after falling following the Supreme Court judges press conference.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, following two straight sessions of decline. "Expectations are that the aggregate earnings of Sensex companies will see a double digit growth".

The rupee strengthened by 11 paise to 63.55 against the dollar on fresh selling of the USA currency by exporters and banks. Among them, metal index gained the most by 0.71%, capital goods 0.61%, infrastructure 0.56% and banking 0.47%, while IT Index was down 0.1%. On the other hand, realty index fell 1.46 per cent, FMCG 0.52 per cent, power 0.47 per cent and healthcare 0.34 per cent.

ICICI Bank, Maruti, ONGC and were the major gainers while, and lost the most.

Losers included UPL, Aurobindo Pharma, Lupin, Bharti Airtel, Bosch, Ambuja Cement and ITC.

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