Economy

Nifty hits new high of 10167; Sensex surges 235 points

Nifty hits new high of 10167; Sensex surges 235 points”

The NSE index Nifty climbed to a new life-time high of 10,167.15 and the Sensex surged over 235 points in early trade on fresh capital inflows by foreign funds amid positive global cues.

Among BSE sectoral indices, capital good index was the star-performer and was up 1.69 per cent, followed by auto 1.16 per cent, power 0.93 per cent and TECk 0.82 per cent, while only healthcare index was down 0.59 per cent. At 9.39 a.m, the Sensex was trading up 192.09 points or 0.60% at 32,464.70 with 24 components gaining.

The 30-share BSE Sensex opened with a gain of 88.76 points on 32,361.37 and the broader 50-share NSE Nifty started trading on 10,133.10, up by 47.70 points. The gauge had gained 610.64 points in the previous seven sessions.

Domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore while foreign portfolio investors (FPIs) bought equities of Rs 418.86 crore on Friday, showed provisional data. Hong Kong's Hang Seng was trading higher by 1.07 per cent, while Shanghai Composite rose 0.25 per cent in late morning trade.

Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines. Japanese markets were closed for a holiday. The value buying in the blue-chip shares such as Reliance Industries, L&T, HDFC Bank, Tata Motors, and ITC fuelled markets to jump to new record highs.



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