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India Top Headlines

Sensex, Nifty hit record closing highs amid positive cues


NEW DELHI: Equity indices settled at record highs tracking gains in index-heavyweight Infosys amid positive domestic and global cues. The benchmark BSE sensex surged 260 points or 0.62 per cent to close at a record high of 41,860; while the broader NSE Nifty moved 73 points or 0.59 per cent up to settle at a fresh peak of 12,330.

Top gainers in the sensex pack include Infosys, IndusInd Bank, Bharti Airtel, Hindustan Unilever, Mahindra & Mahindra and Tata Steel with their their shares rising as much as 4.65 per cent. During the day, the BSE index touched an all-time high of 41,900.

On NSE, all sub-indices finished in green with Nifty IT, Realty climbing as much as 2.09 per cent.

Infosys emerged as one of the top gainer after the IT services major Infosys, on Friday, reported a 23.7 per cent rise in consolidated net profit at Rs 4,466 crore for the December quarter.

According to traders, besides positive quarterly number from Infosys, positive domestic macro data, firm global cues and foreign fund inflow too boosted market mood here.

The Index of Industrial Production (IIP) recorded a growth of 1.8 per cent in November after witnessing a decline for three straight months. The growth was mainly on account of improvement in the manufacturing sector, government data showed.

On the global front, with US-Iran tensions cooling off, market focus has shifted to the upcoming US-China trade deal signing, traders said.

Among macroeconomic data announcement, WPI (wholesale) inflation numbers will be released on Tuesday.

Meanwhile, foreign institutional investors (FIIs) remained net buyers in the capital market, as they purchased shares worth Rs 578.28 crore on Friday, according to provisional exchange data.

(With PTI inputs)

Times of India