Nifty hits all time closing high, up 85 pts

The NSE benchmark Nifty spurted 85.70 points to close at a fresh lifetime high of 11,470.75 today following all-round buying led by banking, FMCG and metal counters.

In global markets, European shares reversed early gains and Asian markets closed higher after the US and China agreed to resume trade talks.

The Nifty 50 index rose 85.70 points or 0.75 per cent to end at 11,470.75, its record closing high. It saw an intra-day movement of about 54.65 points.

On the sectoral front, PSU bank rose by 3.02 per cent, followed by FMCG 1.92 per cent, metal 1.71 per cent, bank 1.09 per cent, private bank 1.03 per cent, pharma 1.03 per cent, media 1 per cent, realty 0.88 per cent, finance service 0.74 per cent, IT 0.55 per cent, infra 0.50 per cent, auto 0.44 per cent and energy 0.08 per cent.

Major index gainers were Grasim, Yes Bank, SBI, Tata Motors, Tech Mahindra, Vedanta, HUL, Tata Steel and Titan.

Losers were GAIL, Eicher Motors, Hero MotoCorp, ONGC, Bharti Airtel, Maruti, HDFC, Coal India, Cipla and BPCL.

The market breadth, indicating its overall health, was in favour of losers. On the NSE, 1,112 stocks advanced, 665 declined and 95 remained unchanged.

Turnover in the cash segment fell to Rs 30,335.43 crore from Rs 34,143.23 crore yesterday.

A total of 15,700.71 lakh shares changed hands in 1,11,21,567 trades.