Nifty marks record high; ITC shares rise over 4 percent

Reuters Market Eye - The Nifty on Thursday rose to a fresh life high as Asian markets gained amid fresh signs of resilience in the U.S. economy.

The 50-share index gained as much as 1.05 percent to hit a record of 8,626.95, crossing a previous high of 8,623.05, hit on Dec. 1

The broader Nifty was up 0.05 percent while the 30-share Sensex gained 0.3 percent at 10:20 a.m.

The Sensex was around 290 points short of a life high of 28,822.37 hit on Nov. 28.

Cigarette maker ITC rose as much as 5.6 percent on local media reports that the government was rethinking a potential ban on loose cigarettes.

 

(Reporting by Indulal PM)