Key indices scale record highs, Nifty50 closes above 10,700-mark

Key indices scale record highs, Nifty50 closes above 10,700-mark

Key Indian equity indices on Monday provisionally closed at fresh high levels as investors sentiments were lifted by healthy macro-economic data and positive quarterly results.

According to market observers, upbeat Asian cues, along with healthy buying in banking, consumer durables and finance stocks, also added to the upward trajectory of the benchmark indices.

The wider Nifty50 of the National Stock Exchange (NSE) crossed the 10,700-level for the first time and scaled a new intra-day high level of 10,782.65 points.

The Nifty50 rose by 60.30 points or 0.56 per cent to provisionally close (at 3.30 p.m.) at a fresh level of 10,741.55 points.

On the BSE, the barometer 30-scrip Sensitive Index (Sensex) of the BSE surged over 300 points to touch a new high of 34,963.69 points on an intra-day basis.

The Sensex closed at a record high of 34,843.51 points — up 251.12 points or 0.73 per cent — from its previous session’s close.

The BSE market breadth remained bullish as 1,525 stocks advanced as compared to 1,398 declines.

On Friday, the indices closed with modest gains despite a sudden sell-off blip. The BSE Sensex closed at 34,592.39 points — up 88.90 points or 0.26 per cent — while the Nifty50 edged higher by 30.05 points or 0.07 per cent to close at 10,681.25 points.

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