Stock market hits new record; Sensex manages to close above 34590, Nifty ends at 10681

The BSE Sensex gained 88.90 points to end at 34,592.39, while the broader NSE Nifty finished at 10,681.25, up 30.05 points.

After opening on a strong footing, the Sensex advanced to hit a fresh lifetime high of 34,638.42 on the back of continued buying by domestic funds and retail investors but later declined to 34,342.16.

It finally settled 88.90 points, or 0.26 per cent higher at 34,592.39, breaking its previous record closing of 34,503.49 hit in Thursday’s trade.

The broader Nifty, after scaling an all-time high (intra-day) of 10,690.40 points, finished at 10,681.25, up 30.05 points, or 0.28 percent. It surpassed yesterday’s record closing of 10,651.20.

This was the sixth weekly gain in a row for the indices. During the week, the Sensex gained 438.54 points, or 1.28 percent, while the Nifty rose 122.40 points, or 1.15 percent.