TOP STORIES

Abuses mentally-challenged minor girl

Balasore: A mentally-challenged minor girl was allegedly sexually assaulted by a 72-year-old...... Read More >>

Obama nominates Ambassador to Sweden

Washington: President Barack Obama has nominated a major fundraiser for his presidential campaign...... Read More >>

J&K and Jharkhand election dates announced

New Delhi: The Election Commission announced the schedule for assembly elections in Jammu and...... Read More >>

New York City doctor tests positive for Ebola

New York: A doctor who treated Ebola patients in Guinea and returned to the US last week has...... Read More >>

Indian-American gets award for ending domestic violence

Washington: Indian-American Attorney Anu Peshawaria has been awarded with the "Take Action against...... 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