Global cues, buying support lift equity indices to new highs (Third Lead)

  • Global cues, buying support lift equity indices to new highs (Third Lead)

Global cues, buying support lift equity indices to new highs (Third Lead)

The broader Nifty, after scaling an all-time high (intra-day) of 10,690.40 points, finished at 10,681.25, up 30.05 points, or 0.28%.

The Nifty50 edged higher by 19 points or 0.18 per cent to close at 10,651.20 points, while the Sensex at 34,503.49 points - up 70.42 points or 0.20 per cent.

The broader NSE Nifty closed 0.28 per cent higher at 10,681.25, while the benchmark BSE Sensex ended up 0.26 per cent at 34,592.39. On the other hand, realty index fell 1.46 per cent, FMCG 0.52 per cent, power 0.47 per cent and healthcare 0.34 per cent.

Investors were cautious ahead of Q3 results by Infosys to released later in the day after the country's largest IT firm TCS posted a 3.9 per cent drop in profit and a 2.7 per cent increase in revenue for the October-December quarter. The indexes hit record closing levels four times this week.

According to market observers, optimism over the ongoing corporate earnings season, along with positive global cues and buying support from oil and gas, banking and capital goods stocks, helped the key indices to recoup the losses.

As per provisional data, domestic institutional investors had bought shares worth Rs 770.02 crore, while FIIs sold equities to the tune of Rs 623.63 crore yesterday.

U.S. stocks surged to close the session at record highs yesterday as investors bet economic growth would pick up steam.