Sensex, Nifty scale new peaks

print   ·   T  T  

MUMBAI: The bull run continued for the ninth straight day with the benchmark indices — Sensex and Nifty — scaling new peaks, aided by auto and bank stocks, even though the biggest heavyweight Reliance lost value for the second day in a row. The nine-day winning streak since September 18 has seen a rise of 1787 points for the Sensex — the highest ever gain in straight trading sessions.

The Bombay Stock Exchange’s 30-share barometer index settled up by 140.54 points at a new closing high of 17291.10, after scaling an intra-day peak of 17361.47 earlier in the day. The National Stock Exchange’s Nifty also closed at a new peak of 5021.35 from the previous close of 5000.55, a net gain of 20.80 points, after touching a fresh all-time intra-day high of 5055.80. Buying activity gathered momentum during the midsession as bulls dominated the market, stepping up activity. — PTI



Recent Article in BUSINESS

RBI panel widens scope for priority sector lending

The Reserve Bank of India (RBI) on Monday said loans to sanitation, health care and drinking water facilities and renewable energy would... »