Nifty Reaches All Time High

The benchmark indices opened on a strong note in the morning trading session. Sensex was positive with gain of 62 points (0.41%) and Nifty with gain of 11 points (0.31%). The benchmark indices opened in green with sustained capital inflows due to encouraging first quarter earnings.

While the benchmark indices firmed up in the trade, BSE mid-cap was marginally up by 0.2% and BSE small-cap was trading flat in the negative zone. Both these indices declined as they witnessed profit booking.

Market breadth overall was positive, as all the sectoral indices opened in green. Sensex gains were led by heavy weights like L&T, ICICI Bank, ITC and Infosys. On the similar lines, Nifty hit a record high at 7808. Banks were the top gainers among Nifty-50. Indian equity markets have witnessed optimistic trading session and it is expected that the positive rally will continue.

However, Tata power, Sun Pharma, Wipro and HDFC declined with red herring. About 1090 shares have advanced and 1540 shares have declined as per the data.

Further, a firming trend was seen in the Asian markets. The markets were seen trading positive shrugging off the geo-political tensions. Among the Asian markets, China's Shangai composite was up by 1.5 points (0.21%), Hong Kong's Hang Seng was up by 115 points (0.49%). In the contrast, the benchmark Nikkei was relatively flat trading in negative bias.