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

After Kerala onion prices shoot up, state government to sell them at Rs 50 per kg
India

After Kerala onion prices shoot up, state government to sell them at Rs 50 per kg

The decision was taken in a review meeting on Thursday, even as the prices of onions and shallots (small onions) have risen to Rs 90 and Rs 120 respectively in the last week

Indian democracy passing through most difficult phase, says Congress chief Sonia Gandhi
Politics

Indian democracy passing through most difficult phase, says Congress chief Sonia Gandhi

The party announced a series of programmes against the "anti-farmer, anti-women, anti-poor and anti-people" policies of the BJP-led government at the Centre.

BSE Odisha Class 10 Supplementary exam result 2020 declared, check at bseodisha.ac.in
India

BSE Odisha Class 10 Supplementary exam result 2020 declared, check at bseodisha.ac.in

Of the total 21,487 students who have appeared for Odisha board Class 10 supplementary exam 2020, as many as 15,244 have qualified