Sensex, Nifty scale new peaks on sustained buying

IT-stocks

What pushed the markets further were global cues as all three major USA indices finished solidly higher at records on Thursday. Similarly, the Nifty touched an intraday high of 10,690.40 and a low of 10,597.

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.

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. This came even as TCS posted disappointing December quarter earnings.

For the week, the NSE index added 1.2 percent, while the BSE index advanced 1.3 percent.

Dish-TV-1
Nifty ends at fresh life-time high

At 3:30 pm: The Indian equity indices gained lost ground after falling following the Supreme Court judges press conference.

Profit booking in IT, Teck and telecom counters pulled the index back from record high level.

It finally settled 19 points, or 0.18 per cent higher at 10,651.20, surpassing its previous closing record of 10,637 hit on January 9. China reported trade data for December with exports moving up 10.9 per cent and imports rising 4.5 per cent.

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