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March 21, Wednesday 2018 2:22 PM       

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       BUSINESS Next Article: Gold remains up on jewellers' buying  
       Sensex above 34,000, Nifty on new peak at 10,515
         Posted on :10:01:52 Dec 26, 2017
       Last edited on:10:01:52 Dec 26, 2017
         Tags: Sensex above 34,000, Nifty peak at 10,515

MUMBAI: Stock benchmarks crossed new milestones Tuesday, 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.

Next Article: Gold remains up on jewellers' buying
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No opinion
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