Nifty at new peak of 4,295.60, Sensex up 59pts

MUMBAI: The wide-based National Stock Exchange index, Nifty, scaled a new peak of 4,295.60 points on sustained buying in heavy-weight stocks by funds, triggered by firming global markets.

The Nifty, which touched an intra-day record high of 4,295.60 points, slipped partially on profit-booking and ended 8.40 points higher at 4,256.50 points.

Previously, it reached an intra-day high of 4,291.40 points on May 23.

The benchmark Sensex also gained 59.44 points at 14,397.90, after touching an intra-day high of 14,527.47 and a low of 14,368.40.

The rally in the market was led by banking, capital goods, PSUs, oils and auto sector stocks.