News Nation Logo

Nifty breaches 9,500 mark, Sensex above 30,500

While The Sensex Surged To A Fresh Lifetime High Of 30,567 In Afternoon Trade, Benchmark Nifty Breached The Key 9,500-level For The First Time On Tuesday On Early Arrival Of Rains And Persistent Foreign In Flows.

PTI | Updated on: 16 May 2017, 04:46:43 PM
Nifty breaches 9,500 mark, Sensex above 30,500


While the Sensex surged to a fresh lifetime high of 30,567 in afternoon trade, benchmark Nifty breached the key 9,500-level for the first time on Tuesday on early arrival of rains and persistent foreign in flows.

The 50-issue Nifty rallied 62 points, or 0.65 per cent,to trade at 9,507.40, surpassing its previous intra-day high of 9,550.65 touched on May 11.

The BSE Sensex soared 244.97 points, or 0.80 per cent, to scale yet another peak of 30,567.09, breaking its previous intra-day record of 30,366.43 reached on May 11.

Barring metal and infrastructure, all the sectoral indices were trading in the positive zone.

Sentiment remained extremely bullish on the back of sustained foreign fund inflows and an improvement in liquidity with retail investors widening their bets, brokers said.

Also Read: Sensex ends at new high of 30,251, Nifty closes at 9,422

Besides, early arrival of rains and forecast of normal monsoon this year, which is expected to give a booster dose tothe rural economy, accelerated buying, they added.

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.

First Published : 16 May 2017, 04:25:00 PM