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Sensex at new record high,Nifty tops 9,800 ahead of macro data

Press Trust of India  |  Mumbai 

The benchmark today advanced by 57 points to end at all-time high of 31,804.82 and the closed above the 9,800-mark for the first time as banking, & gas and auto stocks advanced.

Optimistic buying in blue-chip stocks ahead of release of industrial production data for May and retail for June drove stocks higher.

The had opened on a better note at 31,813.24 and rose to the day's high of 31,865.69 in early trade. However, some profit booking in recent gainers pulled the index down to a day's low of 31,731.43 points.

The barometer finally closed at a new closing high of 31,804.82, up 57.73 points, or 0.18 per cent.

The 50-share index of the also ended 30.05 points, or 0.31 per cent, higher at new closing peak of 9,816.10. During the session, shuttled between 9,824.95 and 9,787.70.

of index heavyweight Industries rallied 1.06 per cent to hit nine-year high of Rs 1,511 after its subsidiary Jio yesterday announced new tariff plans to retain subscribers.

Stocks of ONGC topped the gainers list in the kitty by surging 2.06 per cent to Rs 163.60 on reports that the proposed ONGC-HPCL deal will be completed by the end of FY18.

Other contributers to the key indices were Hind Unilever, ICICI Bank, SBI, Tata Motors, Power Grid, NTPC, Adani Ports, Bharti Airtel, Tata Steel, Axis Bank and Maruti Suzuki.

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

First Published: Wed, July 12 2017. 16:02 IST