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Sensex, Nifty Close At Record Highs

30 Octobre 2017

Mumbai: Market found itself on a fresh high for the fourth session today, with the Sensex jumping 109 points as state-owned lenders extended a rally.

The NSE Nifty index was up 58.50 points up at 10,381.55 on Monday on account of buying in select frontline bluechip counters and firm Asian cues.

The PSB stocks have been on a roll, especially since last last week, driven by the government's mega Rs 2.11 lakh crore recapitalisation plan and encouraging quarterly earnings by more blue chip companies.

In the BSE 500 index, 415 stocks advanced on Monday, while 84 numbers of stocks remained in the grip of bears.

Meanwhile, the S&P BSE Sensex was up 119.99 points or 0.36% at 33,277.21.

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Nifty Auto was also trading a per cent above the previous closing.

"On the global front, market participants are likely to stay conservative ahead of the two days FOMC (Federal Open Market Committee) meeting from tomorrow (Tuesday)". In spite of some correction and profit booking on Thursday and Friday, Sensex and Nifty have consolidated their positions above key psychological marks of 33,000 and 10,000 respectively. The Nifty midcap index was the outperforming sector which added 1.3 percent led by MRF, Bata India, IDBI Bank, Oriental Bank of Commerce and Syndicate Bank.

The S&P BSE Bankex Index rose 0.7 percent.

According to market observers, index heavyweights like Lupin, ONGC, Bharti Airtel, Tata Consultancy Services and Reliance Industries aided in the upward trajectory of the key indices.

Major Sensex losers were: Hindustan Unilever, down 1.71 per cent at Rs 1,235.90; ITC, down 1.56 per cent at Rs 265.15; Wipro, down 1.15 per cent at Rs 293.20; Tata Steel, down 1.03 per cent at Rs 718.80; and Mahindra and Mahindra, down 0.83 per cent at Rs 1,374.45.

Sensex, Nifty Close At Record Highs