Home Business Sensex hits a new intra-day record high of 34,385.67, Nifty at 10623

Sensex hits a new intra-day record high of 34,385.67, Nifty at 10623

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(G.N.S) Dt. 08
Mumbai
Benchmark indices rose to fresh life-time closing highs on optimism over earnings, growth and budget. BSE Sensex hit a new intra-day record high of 34,385.67, before settling at a new closing peak of 34,352.79, up 198.94 points, or 0.58%. In last two days, the index has gained 360.47 points. Similarly, the NSE Nifty 50 touched a new intra-day high of 10,631.20 before ending a new closing high of 10,623.60, up by 64.75 points or 0.61%. The broader NSE Nifty for the first time closed above 10,600 mark. Gains in key IT, capital goods, healthcare and metal stocks helped both the key indices to scale new peaks. Traders said sentiment remained upbeat on continuous foreign fund inflows and unbated buying by investors amid expectations of encouraging quarterly earnings and hopes of growth-oriented budget next month. Foreign portfolio investors bought shares to the tune of Rs581.43 crore, while domestic institutional investors purchased shares worth a net Rs243.13 crore last Friday, as per provisional data from the stock exchanges.

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