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Nifty scales new peak of 11,450

Overseas, European shares were trading higher as investors kept a close eye on corporate earnings and trade tensions. Asian equities ended on a mixed note.


PTI Last Updated at 08 Aug 2018, 21:08 IST India

The NSE Nifty continued its record-setting spree today by rising over 60 points to close at an all-time high of 11,450, helped by hectic buying in energy, banking, financial service and FMCG stocks.

Despite initial volatility and trading in small range during the morning session, sentiments were firm on fading US-China trade tensions. Sustained buying in fundamentally strong stocks during fag-end hours of the trade took the key index to fresh closing highs.

Overseas, European shares were trading higher as investors kept a close eye on corporate earnings and trade tensions. Asian equities ended on a mixed note.

The Nifty 50 index rose by 60.55 points, or 0.53 percent, to end at 11,450, its record closing high. The index rose 70.50 points at the day's high of 11,459.95 and the index fell 10.15 points at the day's low of 11,379.30. It witnessed an intra-day movement of about 80.65 points.

Sector-wise, energy jumped 1.74 percent followed by PSU bank 0.89 percent, bank 0.67 percent, private bank 0.67 percent, financial service 0.58 percent, FMCG 0.52 percent, media 0.39 percent, infra 0.31 percent and metal 0.24 percent. While, pharma fell by 0.68 percent, auto 0.32 percent, realty 0.06 percent and IT 0.04 percent.

Major index gainers were ONGC, Reliance, Bajaj Finance, ICICI Bank, Bharti Infratel, SBIN, Hindustan Unilever and ICICI Bank.

Index losers included Lupin, Maruti, Hindustan Petroleum, BPCL, Grasim, Bajaj Auto, Vedanta and Tech Mahindra.

The market breadth, indicating the overall health of the market, remained losers. On the NSE, 880 shares advanced and 895 declined, while 111 remained unchanged.

Total securities that hit their price bands were 211.

Turnover in the cash segment fell to Rs 31,854.34 crores from Rs 32,458.52 crores as on Tuesday.

A total of 15,682.09 lakh shares exchanged hands in 1,13,69,745 trades. The market capitalization of the listed firms on the NSE stood at Rs 1,53,27,757.60 crore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
India

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