Sensex, Nifty end at record levels after choppy trade
Sensex closed flat at 30,251 while Nifty finished at 9,422.40.business Updated: May 11, 2017 16:10 IST
Indian share benchmarks hit record intra-day highs and closed almost flat on Thursday, shade higher than Wednesday, as investors booked profits amid a choppy trading session.
The BSE Sensex continued with its record setting spree to quote at an all-time high of 30,366 while the NSE Nifty scaled a new peak of 9,451 in opening trade on Thursday on sustained fund inflows, largely driven by forecast of a normal monsoon, amid positive Asian cues.
However, the Sensex closed flat at 30,251 while Nifty finished at 9,422.40.
All the sectoral indices led by metal, healthcare, auto and banking, were trading in green with gains of up to 1.02%.
Major contributors to the key indices were HeroMoto, Bajaj Auto, Adani Ports, ITC, Sun Pharma, and SBI.
Brokers said that continued buying by foreign funds as well as retail investors after forecast of a normal monsoon this year lifted the key indices to new highs.
Among the Asian markets, Japan’s Nikkei closed up 0.3% while Hong Kong’s Hang Seng rose 0.44%, Korea’s Kospi 1.2% and Shanghai up 0.3%.
The US Dow Jones Industrial Average closed 0.16% lower in yesterday’s trade.
(With inputs from PTI)