Nifty, Sensex hit new record highs on FII flows

Nifty, Sensex hit new record highs on FII flows
Extending gains, the key domestic benchmark indices remained upbeat during the noon session of trade with the Nifty hitting fresh record high led by banks after Prime Minister Narendra Modi gave top priority for financial inclusion and also decided to make India into a manufacturing and export power house.

Sensex was up 240 points hitting a new lifetime high of 26,352 points, while the Nifty scaled a new lifetime high of 7863 points helped by gains in index heavyweights including Axis Bank, Tata Motors, BHEL, Tata Power and Cipla among others.

The BSE MIDCAP was at 9141.82, up by 133.97 points or by 1.49 per cent, while the BSE SMLCAP was at 10012.48, up by 188.42 points or by 1.92 per cent.

The top losers of the BSE Sensex pack were ITC Ltd (Rs. 349.40,-2.06%), Infosys Ltd. (Rs. 3572.40,-0.87%), Housing Development Finance Corporation Ltd. (Rs. 1115.45,-0.80%), Tata Consultancy Services Ltd. (Rs. 2479.00,-0.70%), Mahindra & Mahindra Ltd. (Rs. 1315.50,-0.45%), among others.

Among the sectors, In BSE, BSE_CGS index was at 14679.22 up by 346.14 points or by 2.41%. AIA Engineering Ltd. (Rs. 844.70,+7.03%), Suzlon Energy Ltd. (Rs. 21.70,+4.83%), Pipavav Defence & Offshore Engineering Company Ltd. (Rs. 49.65,+3.98%), Punj Lloyd Ltd. (Rs. 38.15,+3.39%), Bharat Electronics Ltd. (Rs. 1813.60,+2.97%),.

On the flip side, In BSE, BSE_IT index was at 9829.74 down by -44.99 points or by -0.46%. HCL Technologies Ltd. (Rs. 1524.00,-1.06%), Infosys Ltd. (Rs. 3572.40,-0.87%), Tata Consultancy Services Ltd. (Rs. 2479.00,-0.70%), Persistent Systems Ltd. (Rs. 1215.45,-0.37%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares 2901 traded, 1836 shares advanced, 950 shares declined while 115 remained unchanged.

Dion Global Solutions

Read more about: sensex, nifty, axis bank, tata motors, bhel
Story first published: Monday, August 18, 2014, 13:48 [IST]
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