Stock market breaks all records; Sensex trading above 34,400 level

NewsBharati 09-Jan-2018

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Mumbai, January 9: The Sensex index created history by breaching the 34, 400 level for the first time on Tuesday Morning. The 30-share BSE Sensex was up 78.32 points at 34,431.11 and the 50-share NSE Nifty gained 12.30 points at 10,635.90.

Optimism over earnings, growth and budget, and consistent buying by domestic and foreign investors kept the spirits high at Indian markets. Gains in key IT, capital goods, healthcare and metal stocks helped both the indices to scale new peaks.

Tata Steel, Axis Bank, Kotak Mahindra Bank, SBI, Sun Pharma, M&M, Wipro and Vedanta were early gainers while HPCL, Indiabulls Housing, Zee Entertainment, Hindalco and Dr Reddy's Labs were losers.

Aarti Drugs, Goa Carbon, EIH Associated Hotels, Max India, IDFC Bank, Capital First and South Indian Bank gained 1-6 percent while Jaiprakash Associates fell 6 percent.

In last two days, Sensex gained 360.47 points. During intra-day trade, yesterday, Nifty hit a high of 10,631.20, smashing its previous record of 10,566.10 hit on January 5. Sensex too touched a new intra-day record high of 34,385.67, surpassing its previous high of 34,188.85. Both indices lost some ground before ending the day.

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