Sensex closes at new peak of 30,322.12; Nifty hovers above 9,400-mark on inflation cheer

The Sensex on Monday closed at new peak of 30,322.12 by gaining 133.97 points While the Nifty settled at record high of 9,445.40 taking comfort from positive inflation numbers, with the hope that earnings momentum by blue-chips will keep up foreign capital inflows.

New Delhi: The Sensex on Monday closed at a new peak of 30,322.12 by gaining 133.97 points while the Nifty settled at record high of 9,445.40 taking comfort from positive inflation numbers, with the hope that earnings momentum by blue-chips will keep up foreign capital inflows.

The 30-share barometer ended higher by 133.97 points or 0.44 percent to 30,322. 12 after moving in range of 30,357.96- 30,273.62. The gauge had retreated from record highs by falling 62.83 points in the previous session on Friday.

The NSE index Nifty also recovered by 44.50 points, or 0.47 percent, to 9,445.40.

Buying activity paced up on positive economic data after retail inflation fell sharply to 2.99 percent in April, from 3.89 percent in March, while inflation based on the wholesale price index slipped to a four-month low of 3.85 percent in April.

Industrial output growth, however, weakened to 2.7 percent in March, showed the IIP data based on the revised base year of 2011-12.

Hong Kong's Hang Seng and China's Shanghai Composite inched up. Japan's Nikkei, however, logged losses.

The US Dow Jones Industrial Average had closed 0.11 percent lower on Friday.