March 23, 2018

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

13 January 2018, 02:40 | Marlene Myers

The Bombay Stock Exchange logo is seen at the BSE building in Mumbai

The Bombay Stock Exchange logo is seen at the BSE building in Mumbai

The 30-share Sensex was trading lower by 69 points or 0.20 per cent at 34,373.45 1230 hrs.

Around the same time, the wider Nifty50 of the National Stock Exchange (NSE) edged higher by 7.90 points or 0.07 per cent to 10,659.10 points.

Around 2 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE rose by 36.84 points or 0.11 per cent to trade at 34,540.33 points.

Among BSE sectoral indices, oil & gas index gained the most by 0.69 per cent, followed by banking 0.5 per cent, capital goods 0.48 per cent and metal 0.45 per cent.

"However, selling pressure emerged in afternoon trade after four Supreme Court judges reportedly said working of the apex Court was not in order".

Maruti Suzuki India, Vedanta, Infratel, ICICI Bank and Zee Entertainment Enterprises climbed 1-3 percent in the Nifty pack, while Ambuja Cement, Bosch, Bharti Airtel, UPL and Lupin all fell over 1 percent.

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It saw an intra-day movement of about 93.30 points.

Foreign portfolio investors (FPIs) net sold shares worth Rs 303.94 crore while, domestic institutional investors (DIIs) bought equities to the tune of Rs 522.90 crore, provisional data showed.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, following two straight sessions of decline. China reported trade data for December with exports moving up 10.9 percent and imports rising 4.5 percent.

Indian shares hit fresh record highs on Friday, although overall gains remained modest ahead of Infosys Q3 earnings and readings on consumer inflation and industrial output due later in the day.

It surpassed its previous record closing of 10,651.20 hit on Thursday.

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