Sensex above 34,000, Nifty on new peak at 10,515
Sensex, which closed at 33,940.30 points on the last trading day of last week, opened higher at 33,980.76 points
Stock benchmarks crossed new milestones today, with the Sensex topping 34,000 for the first time and the Nifty hitting a fresh high of 10,515.
The 30-share index crossed the 34,000-mark by jumping 65.07 points, or 0.19 per cent, to 34,005.37.
The gauge had rallied 184.10 points in the previous session on Friday on the back of strong buying by domestic institutional investors.
There was support from all sectoral indices, driven by technology and oil and gas, with gains of up to 0.90 per cent.
The NSE Nifty spurted 22.10 points, or 0.21 per cent, to a new peak of 10.515.10.
Analysts said domestic institutional buying and interest among retail investors amid robust foreign funds inflows lifted mood.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while domestic institutional investors (DIIs) had also purchased equities worth a net Rs 371.53 crore on Friday, as per provisional data.
ONGC, Dr Reddy's and TCS surged 1.86 per cent.
Asian stocks were mixed ahead of year-end holidays.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
09:45 AM IST