Nifty breaches 6,500-mark on widespread buying
   
Quotes

Nifty breaches 6,500-mark on widespread buying

Last Updated: Friday, March 7, 2014, 13:08
 
 Comment 0
 
Nifty breaches 6,500-mark on widespread buying
Mumbai: The NSE index Nifty on hit psychological 6,500-level for the first time ever in late morning trade on sustained foreign capital inflows following positive domestic and global cues.

The 50-issue Nifty of NSE crossed 6,500 level by soaring 105 points, or 1.64 percent, to trade at an all-time high of 6,506.15.

A flurry of buying by foreign and retail investors in banking and other bluechip stocks on improving economic fundamentals and narrowing CAD figures in the third quarter of 2013-14 helped the Nifty to trade above 6,500 mark, brokers said.

Besides, a firming trend on other Asian bourses ahead of US jobs report lifted the sentiment, they said.

The 30-share index Sensex, after touching a new peak of 21,866.51, slipped partially to trade 270.48 points, or 1.26 percent, higher at 21,784.35 with banking, capital goods and realty sector stocks leading the rally.

Among banking stocks, ICICI Bank surged 6.53 percent, followed by SBI (4.68 percent), HDFC Bank (3.54 percent), Yes Bank (6.30 percent) and Axis Bank (5.74 percent).

In the Asian region, Japan's Nikkei closed 0.92 percent higher, while Hong Kong's Hang Seng rose 0.08 percent.



PTI

First Published: Friday, March 7, 2014, 13:05


Comments


comments powered by Disqus
Ford Figo Aspire
Ford Figo Aspire
Samsung Galaxy S6 Edge Plus, Note 5
Samsung Galaxy S6 Edge Plus, Note 5
Maruti Suzuki S-Cross
Maruti Suzuki S-Cross
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved