Nifty Ends At Record High Of 9160, ITC Surges On GST Clarification

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Nifty Ends At Record High Of 9160, ITC Surges On GST Clarification

The benchmark BSE Sensex rose 0.6%, or 187.74 points, to 29,585.85, a more-than-two-year high and just shy of 29,681.77, the record level hit on January 29, 2015.

Mumbai: The benchmark NSE Nifty on Friday crossed the psychologically significant 9,200-level for the first time during intra-day trade even as the Indian equity markets traded on a flat note as investors turned to book profits.

Positive global cues, coupled with a strong rupee and fresh inflows of foreign funds, infused healthy buying sentiments and brought cheer to the equity markets.

The new-found optimism spurred stocks to new levels as the Nifty ended at a new peak of 9,160 today and the Sensex notched up minor gains, with liquidity keeping confidence level high.

"Indian markets well placed to absorb US Fed rate hike".

The wider 51-scrip Nifty of the National Stock Exchange (NSE) surged by 49 points or 0.54 per cent to 9,133.80 points.

The Dow Jones Industrial Avergae ended on Wednesday with gains of 0.54 per cent, while the S&P 500 added 0.84 per cent and the Nasdaq 0.74 per cent.

The stocks have been spurred by buying in key FMCG heavyweight shares. The market was closed on Monday, 13 March for "Holi". Other major Sensex gainers were Bajaj Auto (2.31 per cent), Asian Paints (2.23 per cent), Infosys (1.62 per cent), Tata Motors (1.49 per cent) and HDFC (1.47 per cent). Investors bet that favourable liquidity will continue to spur the rally in emerging markets.

The same theme played out in the 30-share Sensex kitty.

BSE FMCG index gained a whopping 2.41 per cent, followed by realty, IT and technology.

Notable losers were HeroMotoCo (1.56 per cent), Bharti Airtel (0.70 per cent), reliance (0.56 per cent), Coal India (0.26 per cent) and ICICI Bank (0.23 per cent).

The total turnover during the week on BSE fell to Rs 70,897.68 crore from Rs 73,598.16, while NSE rose to Rs 1,08,922.36 as against Rs 98,019.49 crs last weekend.

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