Sensex, Nifty scale new peaks, end at lifetime highs on sustained buying

Sensex, Nifty scale new peaks, end at lifetime highs on sustained buying

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

The barometer 30-scrip Sensitive Index (Sensex) of the BSE recovered nearly 250 points from its day's low at 34,342.16 points to close the day's trade at a new high of 34,592.39 points - up 88.90 points or 0.26 per cent - from its previous session's close.

The markets opened at fresh high on earnings optimism.

On the National Stock Exchange (NSE), the wider Nifty50 edged higher by 30.05 points or 0.07 per cent to close at 10,681.25 points.

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The Sensex hit an intraday high of 34,638.42 and a low of 34,342.16.

Profit booking in IT, Teck and telecom counters pulled the index back from record high level.

Notable losers were TCS 1.27 per cent, Bharti Airtel 0.82 per cent and Wipro 0.45 per cent. Reliance Industries gained 1.5 percent, while Indian Oil Corp Ltd rose 0.8 percent. This came even as TCS posted disappointing December quarter earnings.

For the week, the NSE index added 1.2 per cent, while the BSE index advanced 1.3 per cent. China's custom-cleared trade data showed brisk growth in exports and imports in 2017, underscoring a global economy that continues to hum along nicely.


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