Nifty extends record run, gains 81 pts

The NSE benchmark Nifty closed at a fresh record closing high of 11,551.75, rising 81 points on strong buying mainly in infra, metal, energy and auto sectors amid positive global cues.

A massive recovery in rupee and lower crude prices kept the investors interested in buying activities.

Globally, stocks in Europe and Asia rose amid optimism over planned US-China trade talks, while Turkish lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara.

The Nifty 50 index rose 81 points or 0.71 per cent to end at 11,551.75, another fresh record closing high. The index rose 94.55 points at the day's high of 11,565.30, an all-time historic peak. It saw an intra-day movement of about 65.65 points.

On the sectoral front, infra surged by 2.75 per cent followed by metal 2.50 per cent, PSU bank 1.96 per cent, energy 1.77 per cent, auto 1.10 per cent, pharma 1.09 per cent, financial service 0.75 per cent, realty 0.65 per cent, media 0.65 per cent, bank 0.52 per cent, private bank 0.22 per cent and FMCG 0.21 per cent. While, IT fell by 0.86 per cent.

Major index gainers were Larsen, Tata Motors, ONGC, Tata Steel, Hindalco, Vedanta, Bajaj Auto and Reliance.

Losers were Infosys, GAIL, Titan, HCL Tech, Lupin, Maruti, Grasim, ICICI bank, Hindustan Unilver and Eicher Motors.

The market breadth, indicating its overall health, turned gainers. On the NSE, 1,007 stocks advanced, 816 declined and 92 remained unchanged.

Total securities that hit their price bands were 260.

Turnover in the cash segment fell to Rs 31,955.36 crore from Rs 34,143.23 crore last Friday.

A total of 14,561.20 lakh shares changed hands in 1,13,89,124 trades. The market capitalisation of listed firms on NSE stood at Rs 1,54,49,309.97 crore.