Business News
Christmas cheer on Dalal street! Sensex at record high, Nifty hits 10,500 for first time
Stellar performances of IT stocks catapulted the stock markets to an all time high on Friday.
New Delhi: Sustained foreign fund outflows ahead of Christmas and stellar performances of IT stocks catapulted the stock markets to an all time high on Friday.
Healthy buying in IT and auto stocks continued to drive the upward rally of the domestic equity markets with Nifty crossing the psychological 10,500 level minutes before closing.
The barometer 30-scrip Sensitive Index Sensex rose 184.02 poitns or 0.55 percent to close at 33,940.30 while Nifty edged up 52.70 points to new peak of 10,493.
Sensex touched a high of 33,959.46 points at intra-day trading.
For the week, the Nifty rose 1.6 percent, while the Sensex clocked a 1.4 percent gain, posting their third straight weekly gain. Infosys Ltdfinished 1.6 percent higher and Tata Consultancy Services Ltd rose 1.7 percent.
In yesterday’s closing session, Sensex fell 21.10 points, or 0.06 per cent, to 33,756.28, after moving between 33,860.99 and 33,707.80 during the day in volatile trade.
The gauge had lost 59.36 points in the previous session.
The NSE Nifty too slipped 3.90 points, or 0.04 per cent, to 10,440.30 after touching a high of 10,473.95 and a low of 10,426.90.
