Sensex, Nifty hit record high

Equity indices surge to new highs on global cues, buying support

Nifty ends at fresh life-time high

Sensex was higher by 106 points at 32,079, While Nifty was up by 30 points at 10,682.

The Sensex and Nifty ended at new life-time highs on robust buying by domestic institutional investors amid positive global cues.

On the National Stock Exchange (NSE), the wider Nifty50 edged higher by 30.05 points or 0.07 per cent to close at 10,681.25 points.

The benchmark BSE Sensex rose 0.3% to 34,592.39 on Friday and the Nifty 50 Index climbed 0.3% to 10,681.25, boosted by the overnight rally on the Wall Street.

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The BSE Midcap index was 0.61 per cent down at 18,056, while Sensex was 0.22 per cent down at 34,427 around 12.35 pm (IST).

Both the indices hit fresh all-time highs in the intra-day trade.

A firm trend in the Asian region influenced the market sentiment, a broker said as quoted by PTI.

"However, selling pressure emerged in afternoon trade after four Supreme Court judges reportedly said working of the apex Court was not in order".

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On Thursday, the equity indices closed with modest gains with healthy buying in IT, Teck and realty stocks.

"There is a little bit of hesitation seen ahead of key macro data coming later in the day".

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, following two straight sessions of decline. Among them, metal index gained the most by 0.71%, capital goods 0.61%, infrastructure 0.56% and banking 0.47%, while IT Index was down 0.1%.

On the sectoral front, Media rose 1.71 per cent, Private Bank 0.52 per cent, Finance Service 0.43 per cent, Bank 0.34 per cent and Auto 0.31 per cent.

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Notable gainers were Adaniports 1.48 per cent, Wipro 1.37 per cent, Coal India 1.37 per cent and ONGC 0.41 per cent.

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