Thursday 30 October 2014

Trade4target : Indian Share Market Breaks All Record Sensex 27,493.59; Nifty crosses 8,200

Trade4Target : Nifty First Time Crossed 8,200

Mumbai: The BSE Sensex and the NSE Nifty soared to hit new all-time highs of 27,493.59 and 8,214.65 points, respectively, in opening trade Friday on sustained fund inflows, driven by a slew of economic reforms announced by the government amidst optimism over strong corporate earnings.

Indan Market :                                                                   

Rising for the fourth straight day, the 30-share index flared up by 147.26 points, or 0.53 percent, to hit a new peak of 27,493.59.

The gauge had gained 593.43 points in previous three sessions to close at record-high yesterday at 27,346.33 in yesterday's session. It had also touched an intra-day lifetime high of 27,390.60 in the previous give accurate intrday tips to see today's market. 

All the sectoral indices, led by IT, capital goods and healthcare, were trading in positive zone with gains up to 1.49 percent.

The 50-share NSE Nifty crossed the 8,200-mark for the first instance to record its lifetime high of 8,214.65 by rising 45.45 points, or 0.55 percent. It had touched an intra-day high of 8,181.55 in yesterday's trade.

Why Market Up?
Brokers said continued buying by foreign funds as well as retail investors, triggered by a series of economic reforms undertaken by the Narendra Modi-led government and strong earnings by blue-chip companies, lifted the key indices to new highs.

Stocks of Maruti Suzuki climbed 0.40 percent to Rs 3,255 after the company reported a 28.69 percent growth in net profit at Rs 862.54 crore for the second quarter ended September 30, 2014.

Besides, a firming trend in the global markets on robust US economic data also boosted sentiment, they said.

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