Nifty ends at fresh life-time high of 10,452

The NSE benchmark Nifty today ended at a fresh record closing high of 10,452.50, up 29 points, driven further by rally in banks, media, finance service and realty stocks.
Banks led the charge, with the Nifty bank rising 0.88 per cent. Strong earnings by Punjab National Bank indicated that asset quality concerns may be easing soon.
Expansion in service PMI for the second consecutive month in the October along with continued FII buying in equities also lent support.
Globally, European shares were trading higher as earnings weighed on shares in French bank Societe Generale and Dutch telecoms firms Altice, though gains for tech stocks and carmakers limited losses. Asian stocks were trading mixed.

The NSE Nifty opened higher at 10,461.55 and hit an intra-day all time high at 10,461,70 later eased to 10,403.60 before ending at 10,452.50, a modest rise of 28.70 points, or 0.28 per cent, from its last close.
It saw an intra-day movement of about 58.10 points.

Broader markets underperformed the bourses as the Nifty Midcap and Small cap indices rose 0.25 and 0.41 per cent, respectively.
On the sectoral front, PSU banks rose 2.93 per cent, media 2.39 per cent, bank 0.88 per cent, finance service 0.63 per cent, realty 0.69 per cent, private banks 0.53 per cent, infra 0.37 per cent and auto 0.27 per cent.

However, pharma fell 1.07 per cent followed by energy 0.24 per cent, FMCG 0.13 per cent, metal 0.07 per cent and IT 0.06 per cent.
Major index gainers were SBIN, Tata Motors, IndusInd Bank, ONGC, Larsen, Yes Bank, Axis Bankm and Zeel.
Losers included Powergrid, SunPharma, BPCL, Coal Ind, GAIL, Lupin, HeroMotoCo, TechM and Infratel.
The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 910 stocks advanced, 821 declined and 71 stock remained unchanged.
Total securities that hit their price bands were 162.
Turnover in the cash segment rose to Rs 34,160.95 crore from Rs 33,909.38 crore as on Thursday.

A total of 19,344.93 lakh shares changed hands in 11,754,577 trades. The market capitalisation of listed firms on NSE stood at Rs 1,43,73,380.20 crore.