The BSE Sensex, after opening weak,
scaled a new peak of 31,155.40 in late morning trade today on
sustained buying by domestic institutional investors and
retailers.
The BSE Sensex, after opening weak,
scaled a new peak of 31,155.40 in late morning trade today on
sustained buying by domestic institutional investors and
retailers.
The NSE Nifty too soared to an all-time high of 9,622.30
after touching a low of 9,547.70 in early trade.
The BSE 30-share Sensex resumed on a negative note and
cracked below the 31,000-mark to touch a low of 30,869.90
briefly, but bounced back to quote 127.19 points, or 0.40 per
cent higher at fresh lifetime high of 31,155.40, surpassing
its previous high of 31,074.07, recorded on May 26.
The index had gained 726.57 points in the previous two
sessions.
Similarly, the broader 50-issue NSE Nifty also hit yet
another record high of 9,622.30 by gaining 27.20 points, or
0.28 per cent. It breached previous record of 9,604.90,
registered on May 26.
Brokers said apart from sustained buying by domestic
institutions as well as retail investors, a firming trend at
other Asian bourses as investors brushed off Pyongyang's
missile launch, helped key indices to scale lifetime highs.
Domestic institutional investors (DIIs) have been
supporting the ongoing rally by pumping sizeable funds into
markets. DIIs bought shares worth Rs 1,008.56 crore, while
Foreign portfolio investors (FPIs) sold shares worth Rs 274.14
crore on Friday, as per provisional data from the stock
exchanges.
Among the sectoral index, FMCG rose the most by surging
1 per cent, followed by metal index 0.10 per cent.
ITC Ltd was up 2,.07 per cent, Hind Unilever rose 1.53
per cent, HDFC Ltd 1.46 per cent, HDFC Bank 0.66 per cent and
RIL 0.54 per cent.
In the Asian region, Hong Kong's Hang Seng rose 0.09 per
cent while Japan's Nikkei up 0.16 per cent in their early
deals. Shanghai Composite Index too was up 0.07 per cent.
The US Dow Jones Industrial Average ended 0.01 per cent
lower on Friday.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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