Advertisement

HindustanTimes Mon,29 Dec 2014

Sensex, Nifty strike new peaks; Infy best gainer at 3.4%

PTI  Mumbai, September 03, 2014
First Published: 10:18 IST(3/9/2014) | Last Updated: 17:37 IST(3/9/2014)

Rising for the ninth straight session, the BSE Sensex gained 120 points to close at fresh peak of 27,139.94 on Wednesday in IT stocks led rally powered by positive global cues and continued overseas fund inflows.

The wide-based NSE Nifty index rose by 31.55 points to close at record 8,114.60 points.

The index touched intra-trade record high of 8,141.90 points, surpassing previous record of 8,101.95 hit on Tuesday.

The 30-share Sensex opened on a strong footing and rose quickly to historic high of 27,225.85 points as buying momentum picked up. But gains were capped by profit-booking at record levels and the barometer settled at 27,139.94 - fresh record closing level - with net gains of 120.55 points or 0.45% over last close.

The Sensex bettered its previous closing peak of 27,019.39 hit on Tuesday.

The gauge has now gathered over 825 points in nine straight sessions.

IT, realty, teck metal and capital goods stocks were in keen demand while some counters from FMCG, banking and power segments suffered losses.

IT stocks, led by TCS, were in the limelight on fresh spell of buying after bullish US manufacturing and construction data. TCS, Infosys and Wipro rose between 2.45% and 3.4%.

"Global markets also showed positive signs as tensions within Russia and Ukraine seemed to ease.

Softer crude oil prices further maintained positive momentum on the bourses. Stock specific buying was seen with Bharti Airtel and Coal India amongst major gainers," said Nidhi Saraswat, senior research analyst, Bonanza Portfolio Ltd. Russia and Ukraine on Wednesday reached an agreement on a cease-fire in eastern Ukraine, sending lower brent crude prices to 16-month low near USD 100 a barrel.

Meanwhile, Foreign portfolio investors (FPIs) infused Rs. 672.81 crore on Tuesday as per provisional data.


Advertisement
more from Business

No violation of safety norm or unfair seat allotment: Air India

Air India on Saturday said its fight safety wing is looking into the issue of a daughter of a senior pilot resting in a bunk, meant only for use of flight crew members, during one of its flights to Newark from Mumbai recently.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved