Sensex, Nifty Scale Another Lifetime High As US GDP Lifts Global Markets

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The Sensex and the Nifty hit another lifetime high on the back of strong global cues as better than expected GDP data in the US lifted global market sentiment.

The Sensex was last trading at a new lifetime peak of 27,483 points, while the Nifty rallied to another breathtaking peak of 8210 points.

Stocks that gained ground in trade were HDFC, Maruti and Infosys.

Sensex, Nifty Scale Another Lifetime High  As US GDP Lifts Global Markets
Shares in Bharti Airtel which reported Q2 numbers on Thursday dropped 2 per cent, after its numbers failed to impress the markets.

ICICI Bank and Yes Bank which also reported good numbers were trading higher. Nifty stocks that declined in trade were Jindal Steel, Power Grid and Bhel.

Mid cap stocks also saw buying interest with stocks like Bharat Forge, Jain Irrigation and Voltas among the winners.

Realty stocks which have been in the limelight since FDI liberalisation also gained ground and rallied with Oberoi, Unitech and Sobha among the early gainers. Shares in Indian Overseas Bank continued to react to a poor set of numbers and was trading lower.

Meanwhile, markets across Asia witnessed a spectacular rally after US GDP numbers came in better than expected.

Read more about: sensex, nifty
Story first published: Friday, October 31, 2014, 9:23 [IST]
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