Mumbai:Stocks made headway today as key indices Sensex and Nifty jumped to new peaks on bets that the government would unveil more reforms to boost rural economy. Asian stocks traded mixed as the final vote on US tax-cut legislation entered a crucial phase.
The 30-share index rose 119.57 points, or 0.35 percent, to hit a new high of 33,956.31, surpassing its previous intra-day record of 33,865.95 hit on 7 November. The gauge had gained 783.70 points in the previous four sessions.
The 50-share NSE Nifty added 31.25 points, or 0.29 percent, at 10,494.45 -- a fresh intra-day high. The gauge had hit 10,490.45 during the day on 6 November. Auto, realty and consumer durables powered the stock gains, jumping by up to 1.08 percent. Apart from Maruti Suzuki, others that hit the ground running were ONGC, Hero MotoCorp, Coal India and Wipro, surging up to 2 percent.
Sentiment remained upbeat after the BJP's electoral victory in Gujarat and Himachal Pradesh and a strengthening rupee against the dollar.
The rupee firmed up 4 paise to 64 against the dollar today, taking cues from a higher opening in the domestic stock market. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law.
In the opening session, the domestic unit went up 4 paise to 64 against the dollar. Yesterday, it had gained 20 paise to close at a three-month high of 64.04, building on the momentum after the BJP's win in Gujarat and Himachal Pradesh assembly polls.
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Updated Date: Dec 20, 2017 10:30:34 IST