Sensex hits record high as upbeat global data cheers

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Sensex hits record high as upbeat global data cheers
The Sensex today hit a new record high of 25,721 points as upbeat economic data pushed stocks in the US higher and took Asian markets to a 3-year high. The Sensex was last trading with gains of 202 points at 25,701 points, while the Nifty rallied 55 points in trade.

Almost all of the Sensex stocks were trading in the green with the exception of Tata Motors and Maruti Suzuki which declined marginally in trade.

Metal stocks continued to rally for a second day in a row with Hindalco, Sesa Sterlite and NMDC all among the winners. IT stocks were also having a good session with TCS and Infosys among the winners.

Shares in MCX were trading higher despite reports that Corporation Bank had sold shares in the company.

Shares in the Hyderabad Based IVRCL were locked at the upper end of the circuit filter after reports that the Corporate Debt Restructuring Empowered Group had approved the CDR proposal submitted by the company.

HCC was trading lower despite reports of an IPO from its subsidiary Lavasa Corporation. Mid cap stocks continued to see buying interest with CESC, SAIL and JSW Energy among the winners. Shares in Bajaj Auto were trading higher after reports of higher auto sales for the month of June. Maruti which had jumped sharply on Tuesday gave up some gains.

PSU banking stocks continued to see buying interest with notable winners being Canara Bank, Syndicate Bank and Union Bank.

Meanwhile, markets in Asia were trading higher led by gains in the Singapore's Straits Times and the Taiwan Weighted.

Read more about: sensex, nifty
Story first published: Wednesday, July 2, 2014, 9:34 [IST]
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