Nifty soars to all-time high of 10,167, Sensex rises 250 points on positive signs from Indian economy

 PTI   Mumbai     Last Updated: October 13, 2017  | 16:50 IST
Nifty soars to all-time high of 10,167, Sensex rises 250 points on positive signs from Indian economy

The Nifty today shattered all records to close at a life high of 10,167 and the Sensex rallied to an over two-month high days before Diwali as steady inflation and strong IIP numbers gave the go ahead investors were looking for.

Domestic institutional investors went ahead with more buying, while Indian rupee appreciating against the American dollar fuelled the rally.

The 50-share NSE Nifty closed at 10,167.45 -- a new peak -- up 71.05 points, or 0.70 per cent, after scaling new intra-day high of 10,191.90. It broke previous record closing of 10,153.10 hit on September 18. It also broke the intra-day record of 10,178.95 reached on September 19.

Meanwhile, the 30-share BSE Sensex opened positive, but shed some ground to settle the session higher by 250.47 points, or 0.78 per cent, at 32,432.69, its biggest closing since August 2. The gauge had rallied 348 points yesterday. For the second straight week, the Sensex added 618.47 points, or 1.94 per cent, while the NSE Nifty gained 187.75 points, or 1.88 per cent.

Investor sentiment received a boost on positive economic data after industrial production grew to a 9-month high of 4.3 per cent in August while retail inflation came in at 3.28 per cent in September, unchanged from August.

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