Nifty ends at record closing high of 8,952.35

The CNX 50-share Nifty continued to rule firm for the 10th day today, surging by 38.05 points to close at all-time record closing high of 8,952.35 on persistent buying in view of expiry of January 2015 derivative contract.
Sustained foreign capital inflows also boosted the market sentiment. Foreign portfolio investors (FPIs) bought shares worth a net Rs 1,723.17 crore yesterd ay as per the provisional data from the Stock exchanges.
The CNX 50-share Nifty resumed lower at 8,901.50 and slipped further to 8,861.25 on initial profit-booking from operators coupled with lower global cues.
While, the late surge saw the intra-day high of 8,966.65 before closing at all-time closing high of 8,952.35, a gain of 38.05 points or 0.43 per cent.

The Nifty has gained by 674.80 points or 8.15 per cent during ten day trading sessions.
The breadth was marginally negative, with 791 declining stocks against 726 advancing shares on the NSE.

Global markets are weak today. Asian markets closed with losses of more than 1 percent, while European equities like FTSE traded down more than 0.5 percent as oil declined.
Major CNX Nifty gainers were BPCL 3.91 pct, Dr Reddy's Lab 3.84 pct, HDFC Bank 3.46 pct, BHEL 3.10 pct and Ambuja cement 2.77 pct.
However, PNB dropped by 3.68 pct, Asian Paint 3.18 pct, Bank Of Baroda 2.86 pct, Coal India 2.31 pct and SBI 2.27 pct.

Turnover in the cash segment jumped to Rs 25,432.31 crore from Rs 23,506.65 crore yesterday. A total of 11,306.09 lakh shares as against 9,804.72 lakh shares changed hands in 92,81,117 trades. The market capitalisation at NSE stood at Rs 102,11,019 crore.