You are here: Home » PTI Stories » National » News
Business Standard

Stocks at new closing highs on fund inflows, global leads

Press Trust of India  |  Mumbai 

The benchmark today surged to close at a new life high of 34,443.19 on gains in IT, FMCG, and amid positive leads from global markets, extending its record-breaking run for a third day. Also, settled at fresh high of 10,637. But caution prevailed as crude prices surged to the highest level since 2015. Opening higher, the 30-share quickly rallied to an all-time intra-day high of 34,488.03 as Coal India, and posted smart gains. Profit booking in some pharma, capital goods and telecom stocks at record levels, however, pulled the index to a low of 34,343.41 during the day trade. The finally settled up 90.40 points, or 0.26 per cent at 34,443.19, which is still all time closing high. It breached its previous record closing of 34,352.79 points hit yesterday. The index has risen by 559.41 points in the previous three straight sessions. The broader 50-share also maintained its bull run and touched a new peak of 10,659.15 (intra-day).

It settled higher by 13.40 points, or 0.13 per cent, at a new peak of 10,637.00, beating its previous record closing of 10,623.60, recorded in yesterday's trade. It also broke the previous intra-day record of 10,631.20 hit in yesterday's session. Foreign portfolio investors (FPIs) have been supporting the ongoing rally by pumping in sizeable capital. They purchased shares worth Rs 692.83 crore while Domestic institutional investors (DIIs) sold shares to the tune of Rs 206.30 crore yesterday, as per provisional data from the stock exchanges.

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

First Published: Tue, January 09 2018. 16:05 IST
RECOMMENDED FOR YOU