Sensex, Nifty end flat after hitting fresh life-time peaks in intra-day; Nestle India, Kotak Mahindra Bank among top gainers

Mumbai: Market benchmarks Sensex and Nifty on Thursday managed to close with gains but slipped from fresh life-time peaks hit during early trade as investors focussed on signing of US-China initial trade deal.

#MarketAtClose | Sensex & Nifty close flat after hitting intra-day record highs; Nifty slips from intra-day record high of 12,389 to close 12 points higher at 12,355 pic.twitter.com/b2lNe52UAc

— CNBC-TV18 (@CNBCTV18Live) January 16, 2020

During the session, the 30-share BSE index breached the 42,000-mark for the first time before settling 59.83 points, or 0.14 percent, higher at 41,932.56. It hit a record intra-day high of 42,059.45.

Representational image. Reuters

Likewise, the broader Nifty scaled its lifetime (intra-day) high of 12,389.05. It ended 12.20 points, or 0.10 percent, up at 12,355.50.

Nestle India was the top gainer in the Sensex pack, rising 3.23 percent, followed by Kotak Mahindra Bank, HUL, Bharti Airtel, RIL, TCS, PowerGrid and Titan.

On the other hand, NTPC, Hero MotoCorp, Tata Steel, Tech Mahindra and Axis Bank finished in the red.

According to traders, domestic market turned positive as global investors heaved a sigh of relief after the US and China on Wednesday signed the first phase of a trade deal, concluding more than a year of tough negotiations between the two largest economies of the world.

Bourses in Hong Kong, Tokyo and Seoul ended higher. While Shanghai closed in the red.

European markets too started on a positive note.

Brent crude oil futures rose 0.52 per cent to $64.33 per barrel.

The rupee depreciated 11 paise to 70.93 per US dollar (intra-day).