Sensex, Nifty hit fresh intra-day highs

The key Indian equity indices touched new intra-day highs during the mid-afternoon trade session on Wednesday, as a strong rupee and healthy buying in metal and automobile stocks buoyed investors' sentiments.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) scaled a new intra-day high of 9,528.15 points, while the 30-scrip Sensitive Index (Sensex) of the BSE touched a new high of 30677.83 points intra-day.

On Tuesday, the NSE Nifty touched an intra-day high of 9,517.20 points and the BSE Sensex of 30,591.55 points.

Around 2 p.m. on Wednesday, the NSE Nifty rose by 15.40 points or 0.16 per cent to 9,527.65 points.

The BSE Sensex, which opened at 30,616.53 points, traded at 30,674.35 points (at 2.00 p.m.) -- up 91.75 points or 0.30 per cent, from its previous close at 30,582.60 points.

"Investors remained firm ahead of a crucial GST (Goods and Services Tax) panel meet in Srinagar starting tomorrow. Both the benchmark indices touched all-time high levels," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

"Appreciation of the rupee against the US dollar also supported the firmness," he added.

--IANS

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