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Sensex at new high on fund inflows; Nifty above 10,600

Press Trust of India  |  Mumbai 

The soared to life-time high of 34,331.85 and the crossed the 10,600 level for the first time in early trade today on strong gains in pharma, IT and stocks amid optimism over quarterly earnings by corporates.

Asian markets trading with gains after more records on influenced the trading sentiment here.

The 30-share soared by 178 points, or 0.52 per cent, to 34,331.85 points, breaching its previous record high (intra-day) of 34,188.85 hit on January 5.

The gauge had gained 360.47 points in the previous two sessions.

All the sectoral indices, led by realty, healthcare and infrastructure were trading in the positive zone, rising up to 1.52 per cent

Major gainers that helped both the key indices to scale new highs were Sun Pharma, Yes Bank, Dr Reddy's, L&T, Infosys, Ltd, Power Grid, ONGC, Coal India, Bank, Indusind Bank, Hero MotoCorp, and Tata Motors, gaining up to 3.72 per cent.

The 50-issue crossed the 10,600 level for the first time by gaining 46.95 points, or 0.44 per cent, to trade at an all-time high of 10,605.80 surpassing its previous intra-day high of 10,566.10 touched on January 5.

Among 50 scrips, 42 were trading with gains, led by pharma stocks.

Sentiment remained upbeat on sustained capital inflows and widespread buying by amid expectations of encouraging third quarterly earnings, to be announced this week, brokers said.

Among Asian markets, Hong Kong's Hang Seng index was up 0.01 per cent while Composite Index rose 0.39 per cent. Financial markets in are closed today for a public holiday.

The US ended 0.88 per cent higher in Friday's trade.

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

First Published: Mon, January 08 2018. 10:00 IST