Sensex and Nifty touch lifetime highs on back on encouraging quarterly earnings
It was yet another good Monday for investors as the the benchmark Sensex and the broader Nifty jumped to new life highs of 33,295 and 10,369, respectively.
The quarterely earnings are said to have stoked the jump in both the indices. The Public Sector Units (PSUs) and consumer durables as well as infrastructure and auto stocks helped the stocks climb while the positive Asian cues lifted the investor sentiment as well.
The Sensex climbed 138.11 points to scale a new high of 33,295.33, breaching its previous intraday record of 33,286.51 hit on 27 October.
The NSE Nifty too rose 0.44% to scale a fresh lifetime high of 10,369.15, breaking its previous intraday record of 10,366.15 touched on Friday.
Other Asian markets saw a firming trend as investors tracked a record closing on Wall Street on Friday. Hong Kong’s Hang Seng was trading higher by 0.06%, while Japan’s Nikkei rose 0.35%. Shanghai Composite, however, shed 0.09%. The US Dow Jones closed 0.14% higher on Friday.>