Sensex Jumped to 33,295, Nifty Sets New High To 10,369 Points
Mumbai, Oct 30 (PTI) The benchmark Sensex and the broader Nifty on Oct 30 jumped to new life highs of 33,295 and 10,369, respectively, with encouraging quarterly earnings sending out a positive signal to investors. PSU, consumer durables, infrastructure, and auto stocks remained in the lead. Positive Asian shares added to optimism. Buying by domestic institutional investors (DIIs) lifted mood too, traders said.
Sensex ends at new peak, posts best weekly gain since Jan 27
The 30-share Sensex climbed 138.11 points, or 0.41 percent, to scale a new high of 33,295.33, breaching its previous intra-day record of 33,286.51 hit on October 27. All the sectoral indices led by PSU and infrastructure were trading in positive territory, with gains of up to 0.98 percent.
The 50-share NSE Nifty too rose 46.10 points, or 0.44 percent, to scale a fresh lifetime high of 10,369.15, breaking its previous intra-day record of 10,366.15 touched on Friday. The stock of Maruti Suzuki India, the country's largest carmaker, was trading up by 1.44 percent as its second-quarter net profit edged up.
Others that lifted the key indices to record highs are ONGC, Reliance Industries, Bharti Airtel, Tata Steel and SBI, rising by up to 2.51 percent. Other Asian markets saw a firming trend as investors tracked a record closing on Wall Street on Friday. Hong Kong's Hang Seng was trading higher by 0.06 percent while Japan's Nikkei rose 0.35 percent. Shanghai Composite, however, shed 0.09 percent on Oct 30. The US Dow Jones Industrial Average closed 0.14 percent higher on Friday.
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