Stocks: NSE Nifty ends at fresh life-time high at 10,681 pts
Mumbai: NSE benchmark Nifty rose 30 points to end at a new high of 10,681.25 today, backed by buying in media, metal, finance service and bank sectors amid positive global leads.
Expectations of healthy domestic earnings aided sentiments.
Overseas, European stocks edged higher amid good earnings. Most Asian stocks closed higher after strong lead from Wall Street.
US stocks closed at record highs yesterday as investors bet economic growth would pick up steam.
The NSE Nifty opened higher at 10,682.55 and moved in a range of 10,690.40 and 10,597.10 before ending at 10,681.25, up 30.05 points, or 0.28 per cent.
It saw an intra-day movement of about 93.30 points.
On the sectoral front, Media rose 1.71 per cent, Private Bank 0.52 per cent, Finance Service 0.43 per cent, Bank 0.34 per cent and Auto 0.31 per cent.
Realty fell by 1.46 per cent, FMCG 0.41 per cent, Pharma 0.32 per cent and Infra 0.09 per cent.
Major index gainers were ICICI Bank, Bharti InfraTel, Zee, Vedanta, ONGC and Maruti.
Losers included UPL, Aurobindo Pharma, Lupin, Bharti Airtel, Bosch, Ambuja Cement and ITC.
The market breadth, indicating its overall health, was in favour of losers. On the NSE, 761 stocks advanced, 1,047 declined while 49 remained unchanged.
Total securities that hit their price bands were 212.
Turnover in the cash segment rose to Rs 38,117.13 crore from Rs 35,305.76 crore as on Thursday.
A total of 24,230.62 lakh shares changed hands in 12,588,175 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,53,21,627.92 crore.