Bourse continues record journery; Nifty climbs historic high

Image
Press Trust of India Mumbai
Last Updated : Jan 22 2015 | 9:45 PM IST
The record run continued for the third straight day as investors lapped up signs of improving momentum amid expectations of greater economic and fiscal reform measures to lift the growth in Asia's third largest economy.
Hopes are building up ahead of the Union Budget supported by strong buying by foreign institutional investors (FIIs) on the back of favourable policy environment sending markets to fresh highs.
The broader 50-share index jumped by 31.90 points, or 0.37 per cent, to end at a fresh closing high of 8,761.40 after climbing a historic peak of 8,774.15. It touched a low of 8,727.00 in intra-day trade.
Despite a strong start to trade, key indices succumbed to fresh bout of profit-taking in late afternoon trade and slipped briefly into red before regaining momentum. The broader markets ended on a flat note amid consolidation.
Elsewhere, most Asian and emerging markets ended higher largely bolstered by optimisim over European Central Bank's aggressive quantitative easing plans at today's much awaited policy meet.
Sectorally, healthcare indices witnessed a smart 1.67 per cent surge led by key frontline heavyweights alongwith Auto, Metal, Financials, Realty, Infra and Technology, while, FMCG remained under selling pressure for the second day and also Energy.
Major index movers included Tata Motors, Axis Bank, Sun Pharma, ONGC, ZEE, ICICI Bank, Asian Paint, Ultracemco, IDFC, L&T, Cipla, Lupin, Wipro, Tata Steel, Power Grid Corp, Coal India, Dr Redddys, DLF, HDFC Bank, M&M, HUL, Sesa Sterlite, Ambuja Cement and Grasim.
On the losers side, Energy major Reliance Industries topped the sellers list, down 2.54 per cent followed by HDFC, ITC, NTPC, HCL-Tech, TechM, SBI, Maruti, Heromotoco, PNB, Bank of Baroda, Gail and NMDC.
Turnover in the cash segment fell to Rs 19,254.47 crore compared to Rs 20,412.84 crore yesterday. A total of 10,100.99 lakh shares changed hands in 80,35,528 trades and the market capitalisation at NSE stood at Rs 100,63,957 crore.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 22 2015 | 9:45 PM IST

Next Story