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BREAKING NEWS

Sensex climbs mount 35k, Nifty50 hits 10,800 intra-day (Third Lead)

17 Jan 2018

Mumbai Jan 17 (IANS) Key Indian equity indices on Wednesday surged to record high levels with the barometer 30-scrip Sensitive Index (Sensex) of the BSE closing above 35 000-mark and the NSE Nifty50 above 10 800-level intra-day -- both for the first time.



According to market observers optimism around quarterly corporate earnings along with a surge in banking capital goods and healthcare stocks lifted the equity indices to fresh highs.

The wider Nifty50 of the National Stock Exchange which scaled a record high of 10 803 points intra-day augmented by 88.10 points or 0.82 per cent to provisionally close (at 3.30 p.m) at 10 788.55 points.

The Bank Nifty recorded a fresh high of 26 328.40 points during the intra-day trade.

On the BSE the Sensex closed firm at 35 081.82 points -- up 310.77 points or 0.89 per cent from its previous session s close -- after touching a new intra-day high of 35 118.61 points.

The BSE market breadth turned bullish marginally as 1 458 stocks advanced against 1 443 declines.

On Tuesday the benchmark indices closed in the negative zone as sentiments were dampened by higher crude oil prices as well as the country s widening trade deficit.

The Nifty50 fell by 41.10 points or 0.38 per cent to close at 10 700.45 points while the Sensex closed at 34 771.05 points -- down 72.46 points or 0.21 per cent.

--IANS
ppg/nir