Sensex hits new peak at 33,693; Nifty at 10,462
Investors also took keen interest in the unveiling of tax reforms by House Republicans in Washington.
Key highlights:
- Sensex and Nifty jumped to new peaks after the announcement of a new US Federal Reserve chief
- Investors also took keen interest in the unveiling of tax reforms by House Republicans in Washington
- Foreign funds inflows continued amid encouraging corporate earnings and mixed global cues
Stocks were firmly in the saddle on Friday as both indices Sensex and Nifty jumped to new peaks after the announcement of a new US Federal Reserve chief.
Investors also took keen interest in the unveiling of tax reforms by House Republicans in Washington.
The 30-share index rose by 119.36 points, or 0.35 %, to hit a new peak of 33,692.58, surpassing its previous intra-day lifetime high of 33,657.57 hit yesterday.
The gauge had retreated from record highs and lost 27.05 points in the previous session.
The 50-share NSE Nifty added 37.90 points, or 0.36 %, at its life high of 10,461.70. The gauge had touched an intra-day high of 10,453 yesterday.
Foreign funds inflows continued amid encouraging corporate earnings and mixed global cues.
All sectoral indices, led by realty and consumer durables, were in the green, with gains of up to 0.83 %.
Major gainers included Bharti Airtel, Axis Bank, L&T, Dr Reddy's and SBI, rising by up to 2.44 %.
Hong Kong's Hang Seng was up 0.35 % while Shanghai Composite shed 0.41 %. Japanese financial markets are closed today for a public holiday.
The US Dow Jones Industrial Average closed 0.35 % higher yesterday.
ALSO READ:Asian markets relieved by new US Fed governor pick, pause for US jobs test
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
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
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
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
10:19 AM IST