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

The Sensex hit a fresh lifetime high of 34,638.42 on the back of continued buying, and finally settled 88.90 points, or 0.26% higher at 34,592.39, breaking its previous record closing of 34,503.49.

business Updated: Jan 12, 2018 16:58 IST
Press Trust of India
Press Trust of India
Press Trust of India, Mumbai
Sensex,Nifty,BSE Sensex
People walk past the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)

Markets continued their record-setting run for yet another session on Friday with both the Sensex and Nifty ending at lifetime highs on robust buying by domestic institutional investors amid positive global cues.

The BSE Sensex gained 88.90 points to end at 34,592.39, while the broader NSE Nifty finished at 10,681.25, up 30.05 points.

After opening on a strong footing, the Sensex advanced to hit a fresh lifetime high of 34,638.42 on the back of continued buying by domestic funds and retail investors but later declined to 34,342.16.

It finally settled 88.90 points, or 0.26% higher at 34,592.39, breaking its previous record closing of 34,503.49 hit in Thursday’s trade.

The broader Nifty, after scaling an all-time high (intra-day) of 10,690.40 points, finished at 10,681.25, up 30.05 points, or 0.28%.

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

This was the sixth weekly gain in a row for the benchmarks. During the week, the Sensex gained 438.54 points, or 1.28%, while the Nifty rose 122.40 points, or 1.15%.

First Published: Jan 12, 2018 10:18 IST