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Market surges, Sensex gains 198 points to end at record high 34,352 points; Nifty touches 10,600-mark

The wider Nifty50 of the National Stock Exchange (NSE) closed above the 10,600-level for the first time at 10,616.85 points (at 3.30 pm) -- up 58 points and 0.55 per cent from its previous session's close.

Reported by: IANS, Mumbai [ Published on: January 08, 2018 17:57 IST ]
Representative Image
Representative Image

Key Indian equity indices on Monday provisionally closed on a higher note prompted by strong global cues, along with healthy buying in capital goods, healthcare and banking stocks.

The wider Nifty50 of the National Stock Exchange (NSE) closed above the 10,600-level for the first time at 10,616.85 points (at 3.30 p.m.) -- up 58 points and 0.55 per cent from its previous session's close.

The Nifty50 touched a fresh intra-day high level of 10,631.20 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE too scaled a new intra-day high of 34,385.67 points.

The Sensex, which opened at 34,216.33 points, provisionally closed higher by 198.94 points or 0.58 per cent at a record high level of 34,352.79 points.

The BSE market breadth was bullish as 1,779 stocks advanced as compared to 1,178 declines.

On Friday, the equity indices closed higher on the back of positive global cues, along with inflow of foreign funds.

The Nifty50 rose by 54.05 points or 0.51 per cent to close at 10,558.85 points while the Sensex closed at 34,153.85 points -- up 184.21 points or 0.54 per cent.

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