Sensex up 111 points in morning trade, Nifty touches new peak
Mumbai: BSE Sensex rose over 111 points and the NSE Nifty soared to a new life-time high of 7,924.90 in the morning trade on Friday as IT, oil & gas, power and consumer durable stocks led the rally on sustained capital inflows.
The BSE 30-share barometer spurted by 111.09 points, or 0.42 per cent, to trade at 26,471.20, approaching its life-time high of 26,530.67 reached on August 19. It had gained 45.82 points in Thursday’s session.
Besides widespread buying by funds and retail investors on a firming trend at other Asian bourses after the US markets closed at another record-high on the back of decline in new claims for unemployment, covering up of short positions by speculators buoyed trading sentiments, brokers said.
Among other Asian markets, Japan’s Nikkei gained 0.20 percent, while Hong Kong’s Hang Seng was up 0.24 percent in the morning trade on Friday.
US Dow Jones Industrial Average gained 0.36 percent in Thursday’s trade.
