Mumbai: The BSE Sensex soared to life-time
high of 34,331.85 and the NSE Nifty crossed the 10,600 level
for the first time in early trade today on strong gains in
pharma, IT and banking stocks amid optimism over quarterly
earnings by corporates.
Asian markets trading with gains after more records on
Wall Street influenced the trading sentiment here.
The 30-share Sensex soared by 178 points, or 0.52 per
cent, to 34,331.85 points, breaching its previous record high
(intra-day) of 34,188.85 hit on January 5.
The gauge had gained 360.47 points in the previous two
sessions.
All the sectoral indices, led by realty, healthcare and
infrastructure were trading in the positive zone, rising up to
1.52 per cent
Major gainers that helped both the key indices to scale
new highs were Sun Pharma, Yes Bank, Dr Reddy's, L&T, Infosys,
HDFC Ltd, Power Grid, ONGC, Coal India, ICICI Bank, Indusind
Bank, Hero MotoCorp, Tata Steel and Tata Motors, gaining up to
3.72 per cent.
The 50-issue Nifty crossed the 10,600 level for the first
time by gaining 46.95 points, or 0.44 per cent, to trade at an
all-time high of 10,605.80 surpassing its previous intra-day
high of 10,566.10 touched on January 5.
Among 50 Nifty scrips, 42 were trading with gains, led by
pharma stocks.
Sentiment remained upbeat on sustained capital inflows
and widespread buying by retail investors amid expectations of
encouraging third quarterly earnings, to be announced this
week, brokers said.
Among Asian markets, Hong Kong's Hang Seng index was up
0.01 per cent while Shanghai Composite Index rose 0.39 per
cent. Financial markets in Japan are closed today for a
public holiday.
The US Dow Jones Industrial Average ended 0.88 per cent
higher in Friday's trade.
PTI
