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Sensex, Nifty break into new highs ahead of earnings

Press Trust of India  |  Mumbai 

Markets pulled off a record today back to back as both the and the ended at new life highs on earnings optimism amid positive global leads.

Regulator Sebi's new norms on P-notes took markets higher, but stocks could not go the whole hog in view of caution due to US Fed's testimony tomorrow, which is expected to provide timing on balancesheet trimming.

Stability returned after yesterday's glitch and investors are looking forward to corporate quarterly earnings with a sense of optimism.

The 30-share settled higher by 31.45 points, or 0.10 per cent, at 31,747.09 -- a new all-time high. The broader gained 15 points, or 0.15 per cent, to finish at a fresh record of 9,786.05.

There are expectations that key macro data such as and industrial production -- slated for tomorrow -- will be encouraging, which accelerated the buying pace.

The rally was powered by IT and auto stocks.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 16:42 IST