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BREAKING NEWS

Equities scale new highs amid flat gains (Second Lead)

24 Jan 2018

Mumbai Jan 24 (IANS) Key Indian equity indices provisionally closed Wednesday s trade on a flat-to-positive note -- wiping off most of last five sessions gains -- as investors booked profits.



However key indices managed to close at fresh levels after touching new highs on an intra-day basis.

According to market observers stocks of IT Tech and FMCG contributed to the marginal gains in indices while the consumer durables oil and gas and auto stocks dragged lower.

The broader Nifty50 of the National Stock Exchange (NSE) crossed the 11 100-mark during intra-day trade and scaled a fresh high of 11 110.10 points.

On a closing basis the Nifty50 was up 2.30 points or 0.02 per cent at a new high of 11 086 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 36 161.62 points provisionally closed at 36 161.64 points (at 3.30 p.m.) -- up 21.66 points or 0.06 per cent from its Tuesday s close at 36 139.98 points.

The Sensex scaled a new high of 36 268.19 points during the intra-day trade.

The BSE market breadth was bearish as 1 896 stocks declined against 1 008 advances.

On Wednesday the benchmark indices scaled record highs with the BSE Sensex closing above the 36 000-mark and the NSE Nifty50 above the 11 000-mark for the first time.

The Sensex closed at 36 139.98 points while the Nifty50 closed at 11 083.70 points.

--IANS
ppg/nir