Markets set new records on earnings optimism, liquidity

Markets set new records on earnings optimism, liquidity

During early morning trade, the Sensex - which opened at a fresh high of 34,578.99 points - scaled a fresh intra-day high of 34,638.42 points.

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 Friday, the 31-scrip index touched a new high 34638.42, while the 51-scrip index also rose at 10,689.10.

What pushed the markets further were global cues as all three major United States indices finished solidly higher at records on Thursday.

A firm trend in the Asian region influenced the market sentiment, a broker said as quoted by PTI.

"However, selling pressure emerged in afternoon trade after four Supreme Court judges reportedly said working of the apex Court was not in order".

About 1,059 shares advanced against 272 declining shares on the BSE.

Yemen's Houthis fire ballistic missile at Saudi military airport
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The 30-share Sensex, after a cautious start, gathered momentum and rallied to 34,558.88, before ending at 34,503.49, a rise of 70.42 points, or 0.20 per cent.

On Thursday, the equity indices closed with modest gains with healthy buying in IT, Teck and realty stocks.

The rupee opened higher at 63.58 per dollar from yesterdays closing level of 63.71 at the inter-bank foreign exchange market today.

Sectorwise, the S&P BSE banking index rose by 145.58 points, followed by oil and gas index by 112.02 points and capital goods index by 95.84 points.

ICICI Bank, IDFC, Larsen and Toubro, Kotak Mahindra Bank, Reliance Industries, Vedanta, HDFC, Gail and Ambuja Cements are the top gainers on the indices.

Losers involved, apart from TCS on the BSE, were Power Grid at Rs 197.50 per piece, Yes Bank at Rs 341.55 per piece, Bharti Airtel at Rs 513.65 per piece, Asian Paints at Rs 1,188.80 per piece and Sun Pharma at Rs 588.80 per piece trading negative in the range of 0.01% - 1%.

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