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In a first, Sensex breaches 36,000-mark; Nifty hits record 11,000

The key domestic equity indices -- the S&P BSE Sensex and the NSE Nifty50 -- zoomed to their new respective high levels during the early morning trade session on Tuesday.

Edited by: India TV Business Desk, Mumbai [ Published on: January 23, 2018 10:25 IST ]
In a first, Sensex breaches 36,000-mark; Nifty hits record
In a first, Sensex breaches 36,000-mark; Nifty hits record 11,000

The key domestic equity indices -- the S&P BSE Sensex and the NSE Nifty50 -- zoomed to their new respective high levels during the early morning trade session on Tuesday.

Accordingly, the barometer Sensex, for the first time, crossed the 36,000-points-mark and the NSE Nifty50 climbed above 11,000 points.

Uninterrupted foreign fund inflows amid strong corporate earnings and positive global leads drove the benchmark indices to fresh life time highs. 

The 50-issue Nifty breached the historic 11,000 level by gaining 56.80 points, or 0.51 per cent, to trade at all-time high of 11,023.00. It bettered its previous intra-day high of 10,975.10 touched yesterday. 

The 30-pack index hit a record all-time high of 36,024.07 in morning trade, breaking its previous record high of 35,827.70 reached in yesterday's trade. The gauge rallied 1,026.99 points in the previous four record-setting sessions. 

Trading sentiment remained extremely bullish backed by sustained capital inflows by foreign funds and widespread buying by retail investors, driven by strong earnings by some more bluechip companies that helped key indices to scale new peaks, brokers said. 

Moreover, record closing on Wall Street as lawmakers agreed a budget deal to reopen the US government and a firming trend at other Asian markets too bolstered trading sentiment s here, they added. 

The best performers during initial trade were Axis Bank, Infosys, Reliance Industries, ONGC, Coal India, Tata Steel, Yes Bank, Bajaj auto, SBI, ICICI Bank, Dr Reddy's, Kotak Bank, HDFC Ltd, and Hero MotoCorp with gains of up to 2.16 per cent. 

Among other Asian markets, Hong Kong's Hang Seng index was up 0.88 per, Japan's Nikkei rose 0.93 per cent, while Shanghai Composite Index gained 0.70 per cent in their early deals. 

The US Dow Jones Industrial Average ended at new high in yesterday's trade, by rising 0.55 per cent. 

(With PTI inputs)

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