Extending their record-setting run for the second session, Sensex and Nifty ended at fresh lifetime highs today on short-covering following derivatives expiry amid optimism over earnings. "S&P BSE Sensex settled at new high of 33,147, up 104 points for the day", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
The key Indian equity indices made substantial gains on Wednesday, a day after the government announced its plan to recapitalise pubic sector banks (PSB) and boost the overall infrastructure spend.
Covering up of pending short positions by speculators on the expiry of the October derivatives contracts helped the index recover in the last hour of trade, brokers said.
The Sensex touched a high of 33,112.51 points and a low of 32,835.06 points during the intra-day trade so far.
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The Nifty50 index was trading 16 points lower at 10,280, while the 30-share Sensex was 108 points down at 32,934 around 10.45 am (IST).
While, the NSE 50-share Nifty was trading flat, down by 8.80, or 0.09%to 10,286.55.
"Yet another high and no sign of fatigue".
The Government's announcement of Rs 9-lakh crore booster dose charged up banking and infra stocks in both bourses as the Centre acted with various measures to spur the economy, including a Rs 2.11 lakh crore recapitalisation plan for PSU banks and a massive Rs 6.92 lakh crore road building programme.
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However, PSU Bank, IT and FMCG fell by 1.02 per cent, 0.75 per cent and 0.02 per cent, respectively.
The BSE Small-Cap index rose 0.61 per cent while mid-caps gained 0.50 per cent.
Domestic institutional investors (DIIs) sold shares worth a net Rs 155.71 crore. On the other hand, consumer durables index was down 0.67 per cent and realty 0.07 per cent.
London's FTSE rose 0.32 per cent. PTI DP KPS SUN RD ARR ABM.
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