Sensex scales another peak of 30346.69; Nifty at 9450.65

Sensex scales another peak of 30346.69; Nifty at 9450.65

Sensex scales another peak of 30346.69; Nifty at 9450.65

The party continues on Indian stock markets, with the benchmark indices consolidating their previous day's gains and hitting new highs on Thursday in early trade, tracking bullish Asian cues.

The NSE Nifty touched a new intra-day high of 9,414.75 points and the BSE Sensex of 30,271.60 points. Sensex closed higher by 7 points at 29,933 level.

The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as.

It surpassed its previous all-time closing high of 30,248.17 reached Wednesday. It is trading up 3% at Rs 194 per share on the BSE.

Financial stocks, which have the largest weightage on the benchmark indexes, ended mixed.

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FIIs bought shares worth net Rs332.87 crore on Tuesday, as per provisional figures issued by stock exchanges. "Aviation and media-entertainment sector stocks traded firm on strong buying support", Desai told IANS.

The monsoon delivers about 70 per cent of India's annual rainfall and is a critical factor as almost half of the country's farmland lacks irrigation.

The Nifty PSU bank index rose as much as 0.91 percent. Also, the Nifty metal gained for third consecutive day.

Hindustan Unilever Ltd rose as much as 4.9 percent and was among the top percentage gainers on the NSE index while Dabur India Ltd and Nestle India Ltd gained between 2 percent and 4 percent respectively.

Sectorwise, the S&P BSE consumer durables index augmented by 262.06 points, followed by the automobile index by 225.04 points and the healthcare index by 81.56 points.

However, Bharti Airtel fell 2.21 percent, Gail 2.14 percent, ONGC 1.94 percent, HUL 1.78 percent, Axis Bank 1.69 percent, NTPC 1.39 percent, Coal India 1.20 percent, Power Grid 1.14 percent and Tata Motors 1.08 percent. The BSE Small-Cap index fell 0.05 per cent.

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