Nifty extends record run, conquers 7,900 landmark

Continuing its golden run, the benchmark index Nifty today conquered the 7,900-mark for the first time ever and ended at a new record peak on select buying on the National Stock Exchange (NSE) amid improved investor sentiment and optimism about economic revival.
Technology and financial stocks spearheaded the rally along with healthcare, metal and auto shares.
After a modest start, the key index quietly climbed up and attained record levels despite hovering in a narrow band.
Profit-taking in FMCG, energy, infra and realty counters, however, capped gains.
The 50-share Nifty rose 22.10 points, or 0.28 per cent, to attain a new record closing high of 7,913.20. The NSE bellwether scaled all-time new peak of 7,929.05 in intra-day trading.

Besides robust corporate earnings and strong capital inflows, the highly positive comments from the RBI - that the impact of a weak monsoon on India's farm production and economy is likely to be negligible - boosted investor mood.

Upbeat global sentiment in the backdrop of overnight record close on the Wall Street also helped the local bourses.
Elsewhere, barring Japan's benchmark Nikkei, most Asian and emerging market bourses closed firm.
HDFC Bank topped the buying list among large-cap stocks on expectation of a hike in FDI limit.
Infosys, SBI, TCS, HCL Tech, Tech Mahindra, M&M, Axis Bank, Hindalco, Reliance, L&T, Kotak Bank and Wipro were other smart index gainers.

Agri commodity and sugar related stocks also witnessed huge buying interest.
Notable losers included BPCL, Coal India, HDFC, Bharti Airtel, Power Grid, DLF, Hero, Cairn, Ambuja Cement and IDFC.
Turnover in the cash segment fell to Rs 15,511.87 crore from Rs 16,952.06 crore yesterday. A total of 8,088.73 lakh shares changed hands in 68,85,627 trades, while market capitalisation stood at Rs 90,59,872 crore.