Sensex, Nifty scale new peaks on earnings optimism

Benchmark indices Sensex and Nifty closed at life-time high levels today after robust buying in metal, realty and capital goods stocks on the back of encouraging earnings.

The BSE Sensex continued its record setting spree for a second day as it gained 106.50 points to close at fresh peak of 36,825.10. The 30-share index also bettered its record trading high at 36,902.06 points in day trade. It had hit its previous record intra-day high of 36,749.69 yesterday.

The broader NSE Nifty also finished at fresh record high of 11,134.30, up 49.55 points or 0.45 per cent, as 32 of its 50 scrips gained. The 50-issue index surpassed its previous record closing of 11,130.40 hit on January 29.

Sustained FII inflows and fresh spell of buying by domestic institutional investors supported the stocks at record levels.

Besides, encouraging first quarter earnings by some more companies and firming trend in global markets too bolstered trading sentiments, brokers said.

Major gainers include L&T, Asian Paints, Vedanta, Tata Steel, Coal India, Infosys, M&M, Adani Ports, Maruti Suzuki,