Nifty hits record high on poll-result-optimism, up 1.66 pct

Anticipating solutions to the market's intrinsic problems following BJP's assembly poll win by opposition BJP, the market fraternity got charged-up appreciating the CNX-Nifty momentum amid all-round buying spree and new closing high of 6,363.90, up 104 points.
Across the board sharp rally was seen and buying was led by bank, energy, auto, FMCG and PSU sectors.
Apart from general positiveness, the surge was supported with strong global cues, rupee strength and good FII inflows boosted the sentiment.
FIIs bought shares worth net Rs 863.77 crore on last Friday, as per the provisional data from stock exchanges.
The 50-scrip benchmark touched an high of 6,415.25 points and a low of 6,345.00 points before finishing at 6,363.90 points, showing a hefty gain of 104 points, or 1.66 per cent, over the last close.

The Nifty resumed with huge gap-up opening to hit record high of 6,415.25 over poll-results as Bharatiya Janata Party (BJP) sweeped assembly elections, though a bout of profit- taking trimmed gains, but restored the momentum in morning trade.

The market witnessed some-what range bound during afternoon session, but firmness hovered the sentiment to close with sharp green.
The gainers were DLF, SSLT, ACC, Ambuja Cement, ICICI Bank, Maruti, Larsen, Indusind Bank, ONGC and Wipro.
Turnover in the cash segment jumped to Rs 13,245.50 crore from Rs 10,489.79 crore previously. A total of 7,111.65 lakh shares changed hands in 59,14,239 trades, while market capitalisation stood at Rs 68,09,911 crore.