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Sensex, Nifty rally to record high; end flat on profit-taking

The BSE Sensex and Nifty rallied to record highs on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, especially companies more geared towards the domestic economy such as HDFC Bank.

business Updated: Mar 18, 2014 15:58 IST
Reuters

The BSE Sensex and Nifty rallied to record highs on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, especially companies more geared towards the domestic economy such as HDFC Bank.

Still, a bout of profit-taking erased most of the gains by the end of the session as the recent pace of gains is raising the prospect of near-term consolidation.

Nifty provisionally ended up 0.19% after gaining as much as 1.1% to a record high of 6,574.95, surpassing its previous record high hit on March 11.

The BSE Sensex rose 0.06% after rising as much as 1.1% to an all-time high of 22,040.72, above its previous record hit on March 10.

First Published: Mar 18, 2014 10:02 IST