Nifty scales 8,900 mark, Up 75 pts

Maintaining its rising trend for the eighth straight day, CNX Nifty breaching 8,900-mark first time to close at 8910.50 as investors cheered the strengthening of Indo-US trade ties after US President Barack Obama's visit.
Hopes of pick up in foreign investments in India after the ECB launched a landmark bond-buying stimulus programme to revive euro zone economy provided good support, traders said.
The broader 50-share index galloped by 74.90 points, or 0.85 per cent, to register a record closing high of 8,910.50 after hitting life time peak of 8,925.05 during intra-day trade.
The eight-day upsurge has resulted in a massive 632.95 points, or 7.65 per cent spurt in the benchmark indices.

Major gainers were Axis Bank, Cipla, Icici Bank, ITC, Asian Paint, Tata Motors, Maruti, Bharti Airtel and Hdfc Bank While, Dr Reddy, Cairn, Infosys, M&M, Coal India,Hind unilever and Hcl Tech incurred losses.
Turnover in the cash segment jumped to Rs 21,480.34 crs from 21,474.52 crore on last Friday. A total of 9,068.26 lakh shares as against 10,263.05 lakh shares changed hands in 89,22,297 trades. The market capitalisation at NSE stood at Rs 101,76,179 crore.