Sensex, Nifty scale new peaks on sustained buying

Jeannie Matthews
January 12, 2018

The 50-share Nifty, after range-bound morning trade, spurted to touch an all-time high of 10,664.60 on a flurry of buying.

The Nifty50 too had opened at a fresh level of 10,682.55 points and touched a new intra-day high of 10,690.25 points.

The Nifty50 edged higher by 19 points or 0.18 percent to close at 10,651.20 points, while the Sensex at 34,503.49 points - up 70.42 points or 0.20 percent.

ICICI Bank Ltd rose 2.7 per cent, while Reliance Industries Ltd closed 1.2 per cent higher.

Domestic investors were also keeping an eye on retail inflation data.

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"There is a little bit of hesitation seen ahead of key macro data coming later in the day". Japan's Nikkei dipped 0.1 per cent.

Markets continued their record- setting run for yet another session today with both the Sensex and Nifty ending at lifetime highs on robust buying by domestic institutional investors amid positive global cues.

India's largest software exporter TCS yesterday said its net profit slipped 3.6 per cent to Rs 6,531 crore in three months to December due to margin compression and softness in the banking and financial services sector, which is its largest revenue segment.

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