Markets end at new peaks: Sensex jumps over 251 points to 35,511; Nifty settles 77 points higher at 10,895

Opening higher, the 30-share Sensex surged to an all-time high of 35,542.17 on a string of encouraging earnings.

PTI January 19, 2018 17:49:56 IST
Markets end at new peaks: Sensex jumps over 251 points to 35,511; Nifty settles 77 points higher at 10,895

Mumbai: Benchmarks finished at record highs for the third straight session on Friday on widespread buying amid robust earnings by bluechips like HDFC Bank and ITC. The BSE Sensex spurted 251.29 points to end at 35,511.58, while the broader NSE Nifty advanced 77.70 points to 10,894.70.

Investor sentiment got a leg-up after the GST Council on Thursday cut tax rate on 29 goods and 54 categories of services. Sustained buying by both foreign and domestic investors ensured ample liquidity in the system.

Markets end at new peaks Sensex jumps over 251 points to 35511 Nifty settles 77 points higher at 10895

Opening higher, the 30-share Sensex surged to an all-time high of 35,542.17 on a string of encouraging earnings. It finally ended 251.29 points, or 0.71 percent higher at 35,511.58 -- bettering its previous record closing of 35,260.29 hit on Thursday.

The index has now rallied 740.53 points in three straight sessions. The 50-share NSE Nifty settled higher by 77.70 points, or 0.72 percent, at 10,894.70. The index surpassed its previous lifetime closing high of 10,817 recorded in Thursday’s session.

Intra-day, it touched an all-time high of 10,906.85, breaching the 10,900-mark for the first time. It was the seventh week of gains in a row for the markets. The Sensex recorded a significant rise of 919.19 points, or 2.65 percent while the Nifty gained 213.45 points, or 1.99 percent, in the week.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

PlayStation 5 consoles manufactured outside of India will not come with Sony India warranty
News & Analysis

PlayStation 5 consoles manufactured outside of India will not come with Sony India warranty

Sony has announced that the PS 5 will be sold at Rs 49,990 and the Digital Edition will cost you Rs 39,990.

In Garima Gupta's 'filed under: a/muse/um', an examination of the politics of documenting, archiving
Arts & Culture

In Garima Gupta's 'filed under: a/muse/um', an examination of the politics of documenting, archiving

Garima Gupta's detailed pencil sketches strongly overlay the connection between the land's history of colonial intrusion into its tropics and its impact on the people today, mirrored in their engagement with wildlife trade and oil palm plantations.

Top 25,000 GST payers of October yet to file returns this month, tax officers to send reminders
India

Top 25,000 GST payers of October yet to file returns this month, tax officers to send reminders

As per GST rules, for the supplies made in the month of October, the GSTR-3B returns were expected to be filed in a staggered manner by 20, 22 and 24 November