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Nifty soars to life time high to end above 10,600-mark

Press Trust of India  |  Mumbai 

benchmark ended at fresh record closing high above 10,600-mark, up 65 points following strong buying sentiment tracking positive global cues, post estimates and credit growth data.

The broader markets also participated in the rally and outperformed benchmark indices again as the Midcap index was up 1.02 per cent and Small-cap rose by 1.45 per cent. About two advanced for every share falling on the

Overseas, European and Asian stocks edged higher on firm US lead as investors awaited upcoming earnings releases.

The opened higher at 10,591.70 and moved in a range of 10,631.20 and 10,588.55 before ending at 10,623.60, up 64.75 points, or 0.61 per cent.

It saw an intra-day movement of about 42.65 points.

On the sectoral front, Pharma rose by 1.41 per cent, IT 1.23 per cent, Media 1.21 per cent, Realty 0.94 per cent, Metal 0.87 per cent, FMCG 0.77 per cent, Energy 0.53 per cent, Private 0.50 per cent, Service 0.45 per cent, Auto 0.38 per cent and 0.29 per cent.

However, PSU and fell 0.16 per cent and 0.02 per cent, respectively.

Major index gainers were Coal India, Lupin, Infosys, Sunpharma, IbulHsgFin, BPCL, HindPetro, TechM and Larsen.

Losers included BhartiAirTel, ONGC, Powergrid, Asian Paint, Tata Steel, and

The market breadth, indicating its overall health, was in favour of gainers. On the NSE, 1,107 stocks rose, 729 fell and 54 remained unchanged.

Total securities that hit their price bands were 264.

Turnover in the cash segment eased to Rs 37,694.11 crore from Rs 38,342.91 crore as on last Friday.

A total of 22,544.33 lakh changed hands in 13,117,295 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,52,80,165.56 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 20:10 IST