3:59 am - Thursday July 19, 2018

Nifty breaches 8,000-mark for first time; Sensex hits new peak

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Continuing their record setting spree, the NSE Nifty breached the 8,000-mark for the first time ever and BSE Sensex logged a new peak of 26,812.69 in opening trade on Monday on the back of positive economic growth data for the April-June quarter.

The National Stock Exchange (NSE) index Nifty crossed the 8,000-level for the first time and surged to trade at a new peak of 8,018.65, up by 64.30 points, or 0.80 per cent. Its previous all-time high was 7,968.25 hit on August 25.

Besides, a mixed trend in the Asian region also influenced trading sentiments.

Extending its winning-spree for the seventh session, the 30-share barometer rose by 174.58 points, or 0.65 per cent, to trade at a new life-time high of 26,812.69, surpassing its earlier record of 26,674.38 reached on August 28.

In the previous six sessions, the gauge has rallied by 323.96 points.

All the sectoral indices led by consumer durables, capital goods and banking, were trading in positive zone with gains up to 0.91 per cent.

Sentiments turned bullish as buying activity gathered momentum after India’s economic growth rate improved to two-and-half year high of 5.7 per cent in the April-June quarter, brokers said.

Larsen & Toubro, Hindalco, SBI, Maruti Suzuki, ICICI Bank, Reliance Ind, HeroMoto, Bharti Airtel, Dr. Reddy, Bajaj Auto, Coal India, Tata Motors, TCS, Tata Steel, Infosys and Wipro were among prominent gainers that supported the indices to hit record highs.

Among other Asian markets, Hong Kong’s Hang Seng shed 0.15 per cent, while Japan’s Nikkei gained 0.19 per cent in early trade today.

 

 

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