Markets stay the course, hit new peak on inflows, PMI data

Image
Press Trust of India Mumbai
Last Updated : Nov 03 2017 | 4:22 PM IST
Stock benchmarks Sensex and Nifty today scaled new all-time peaks, riding on more capital inflows and positive PMI data.
Earnings optimism among investors and positive global cues after appointment of a new US Federal Reserve chief helped the indices go higher.
The 30-share BSE index firmed up to an all-time intra-day high of 33,733.71 on a flurry of buying, breaching its previous record of 33,657.57 hit yesterday. Finally, it closed at a fresh record of 33,685.56 by rising 112.34 points, or 0.33 per cent. It broke previous closing record of 33,600.27 hit on November 1.
Yesterday, the gauge had fallen from record by falling 27.05 points.
The Nifty touched a fresh high of 10,461.70 intra-day, breaking the earlier record of 10,453 reached yesterday.
The 50-share index ended up 28.70 points, or 0.28 per cent, at a new peak of 10,452.50, surpassing its previous closing high of 10,440.50 hit on November 1.
For the second straight week, the Sensex rose, recording a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 03 2017 | 4:22 PM IST

Next Story