Record high again: Nifty closes above 8500 for the first time
Hope of stimulus plans by China and Europe helped the Nifty and Sensex close at new life-time highs on Monday yet again with the Nifty closing above 8,500 mark for the first time while the Sensex just closed 0.46 points shy of the 28,500 mark.
Mumbai: Hope of stimulus plans by China and Europe helped the Nifty and Sensex close at new life-time highs on Monday yet again with the Nifty closing above 8,500 mark for the first time while the Sensex just closed 0.46 points shy of the 28,500 mark.
Nifty ended the day at 8,530.15, higher by 52.80 points or 0.62 percent where as the Sensex closed at 28,499.54, higher by 164.91 points or 0.58 percent.
Top Nifty gainers were DLF (up 5.6 percent), Jindal Steel (up 4.4 percent), Tata Power (up 4.3 percent) and Infosys (up 3.1 percent). On the flip side the top losers were Power Grid (down 2.5 percent), Cipla (down 1.6 percent) and Reliance (down 1.4 percent).
The broader markets however did not join the party with the S&P BSE Mid-cap index gaining only 0.1 percent while the S&P BSE Small-cap index ended the day lower by 0.1 percent.
Top Mid-cap gainers: Kirloskar Engineering, JSW Energy, Persistant System and AllCargo Logistics
Top Mid-cap losers: DCM Shriram, Thomas Cook, Sulaben, Rasoya Proteins.
BSE IT index (up 1.9 percent) was the top sectoral gainer followed by BSE Metal (up 1.6 percent), BSE Realty (up 1.6 percent) and BSE Bankex (up 1.2 percent).
BSE Oil & gas (down 0.7 percent), BSE Health Care (down 0.5 percent) and BSE FMCG (down 0.3 percent) were the top sectoral losers.
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The benchmark BSE Sensex surged by 416 points to close above 27,000 level while the wider Nifty reclaimed 8,100 mark today on value buying after recent sharp falls and hopes on tax reforms as the Cabinet cleared the long-pending GST bill.
Markets hit one-month lows after the Shanghai market fell by over 5 percent. The Nifty ended the day below the 8,350 mark while the Sensex closed below the 28,000 mark.<br />