Sensex Nifty tick higher to fresh records
Mumbai Sep 27 PTI Equity benchmarks Sensex and Nifty inched marginally higher on Monday to end at fresh lifetime highs led by gains in Reliance Industries HDFC Bank and Maruti amid a largely positive trend in global markets After touching its lifetime intra-day high of 6041232 the 30-share Sensex ended 2941 points or 005 per cent higher at its all-time closing peak of 6007788 Similarly the NSE Nifty advanced 190 points or 001 per cent to record 1785510 Maruti was the top gainer in the Sensex pack rallying over 6 per cent followed by MM Bajaj Auto NTPC Reliance Industries and HDFC Bank On the other hand HCL Tech Tch Mahindra Bajaj Finserv and Infosys were among the laggards Domestic equities traded range-bound amid positive cues from global equities Heavy profit-booking in IT and pharma nullified the impact of sharp recovery in auto stocks said Binod Modi Head – Strategy at Reliance Securities Further financials and realty indices extended gains Nifty IT fell over 25 per cent as investors preferred to book some amount of profit ahead of September quarter earnings Auto stocks witnessed strong rebound as continued underperformance for last couple of months expectations of improvement in demand scenario from October and positive commentary from select companies about semiconductor issue made investors buy quality names in OEMs he noted Elsewhere in Asia bourses in Hong Kong and Seoul ended with gains while Shanghai and Tokyo were in the red Stock exchanges in Europe were trading on a positive note in mid-session deals Meanwhile international oil benchmark Brent crude climbed 132 per cent to USD 7825 per barrel PTI ANS ABM ABM
Mumbai Sep 27 PTI Equity benchmarks Sensex and Nifty inched marginally higher on Monday to end at fresh lifetime highs led by gains in Reliance Industries HDFC Bank and Maruti amid a largely positive trend in global markets After touching its lifetime intra-day high of 6041232 the 30-share Sensex ended 2941 points or 005 per cent higher at its all-time closing peak of 6007788 Similarly the NSE Nifty advanced 190 points or 001 per cent to record 1785510 Maruti was the top gainer in the Sensex pack rallying over 6 per cent followed by MM Bajaj Auto NTPC Reliance Industries and HDFC Bank On the other hand HCL Tech Tch Mahindra Bajaj Finserv and Infosys were among the laggards Domestic equities traded range-bound amid positive cues from global equities Heavy profit-booking in IT and pharma nullified the impact of sharp recovery in auto stocks said Binod Modi Head – Strategy at Reliance Securities Further financials and realty indices extended gains Nifty IT fell over 25 per cent as investors preferred to book some amount of profit ahead of September quarter earnings Auto stocks witnessed strong rebound as continued underperformance for last couple of months expectations of improvement in demand scenario from October and positive commentary from select companies about semiconductor issue made investors buy quality names in OEMs he noted Elsewhere in Asia bourses in Hong Kong and Seoul ended with gains while Shanghai and Tokyo were in the red Stock exchanges in Europe were trading on a positive note in mid-session deals Meanwhile international oil benchmark Brent crude climbed 132 per cent to USD 7825 per barrel PTI ANS ABM ABM
