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Nifty scales fresh closing high

Mumbai, Oct 13 (PTI) Benchmark Nifty extended its rally by 71.05 points to end at a fresh closing high of 10,167 today, lifted by positive economic data and buying in banks, finance, metal and realty counters.

Positive cues from the Asian market also boosted sentiment.

Telecom stocks rallied after Bharti Airtel agreed to take over Tata group's mobile business.

The NSE 50-share Nifty closed at record 10,167.45, gaining 71.05 points, or 0.70 per cent. It also registered an all-time intra-day high of 10,191.90.

Overseas, most European shares were trading higher.

Most Asian stocks ended higher. Investors were cautious ahead of US economic data as well as the Chinese Communist Party congress next week.

Meanwhile, the broader midcap and smallcap shares traded lacklustre.

Major index gainers were Bharti Airtel, Bharti Infratel, Tata Steel, Kotak Bank and Ultratech Cement.

Losers were Gail, Zee, Dr Reddy's, M&M and Sun Pharma.

The market breadth, indicating the overall health of the market, was in favour of losers. On the NSE, 930 stocks declined, 787 advanced and 82 remained unchanged.

Total securities that hit their price bands were 133.

Turnover in the cash segment rose to Rs 29,800.05 crore from Rs 27,360.23 crore yesterday.

A total of 14,076.28 lakh shares changed hands in 9,672,385 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,36,74,614 crore. PTI RD ABM

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.

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