TOP STORIES

India asks Japan if it’s interested in Rs 50,000 crore submarine

New Delhi: Russia, France, Germany and Spain, all better watch out. They may have to contend with...... Read More >>

Anna Hazare to launch Lokpal stir again

Mumbai: Social activist Anna Hazare on Wednesday said he will launch a fresh stir on the Lokpal...... Read More >>

HC moved for relief to Dalits

Madras High Court yesterday directed the Government to file a counter affidavit within two weeks...... Read More >>

UDF reinforces faith in minister facing bribery charge

Thiruvananthapuram: Dismissing as "baseless" the charges against state Finance Minister K M Mani...... Read More >>

Lankan refugees divided on returning home: Par Panel chief

Ramanathapuram (TN): Parliamentary Standing Committee on Personnel, Public Grievances, Law and...... Read More >>

MOST POPULAR

VIDEO

Nifty hits new lifetime high of 7,809.20 on capital inflows

Wednesday, 23 July 2014
PTI

Mumbai: The National Stock Exchange index Nifty today scaled a new record-high of 7,809.20 points, led by a rally in IT, tech, auto, oil & gas, banking and pharma stocks on sustained foreign capital inflows amid robust corporate earnings.

The 50-issue index regained the 7,800-level for the second time this month by surging 41.35 points, or 0.53 per cent, to trade at an all-time high of 7,809.20, surpassing its previous intra-day high of 7,808.85 touched on July 8.

Brokers said market sentiments were upbeat on sustained capital inflows and widespread buying by retail investors after several bluechip companies came out with better-than-expected first quarter earnings.

Besides, progress of monsoon, positive economic data and global cues buoyed the trading sentiments, they said.     Major gainers which supported the Nifty to scale lifetime high were Infosys, Bank of Baroda, Reliance, GAIL, Sun Pharma and Jindal Steel.

Further, a firm trend at other Asian bourses influenced the trading sentiments here, they said.

The benchmark BSE Sensex also climbed 162.84 points, or 0.62 per cent, to trade at 26,188.64, just shying away from its lifetime high of 26,190.44 reached on July 8.

The gauge had rallied nearly 1,019 points in previous six sessions.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 412.03 crore yesterday, as per provisional data from the stock exchanges.

Among other Asian markets, Hong Kong's Hang Seng was up 0.66 per cent while Japan's Nikkei rose 0.16 per cent in early trade.


      

Today's E-Paper

Polls