Optimism on earnings propels equity indices to new highs
PTI|
Jan 12, 2018, 08.14 AM IST
MUMBAI: Benchmarks spurted to fresh life- time highs on Thursday on optimism surrounding corporate earnings, with IT and realty counters leading the charge. The Sensex jumped 70.42 points to end at 34,503.49, while the Nifty finished at 10,651.20, up 19 points.
Investors were optimistic that blue-chip companies will post encouraging third quarter results, brokers said. The Sensex, after a cautious start, gathered momentum and rallied to 34,558.88, before ending at 34,503.49, a rise of 70.42 points, or 0.20%. It broke its previous closing high of 34,443.19 hit on January 9.
The Nifty, after range-bound morning trade, soared to touch an all-time high of 10,664.60 on a flurry of buying deals.
Investors were optimistic that blue-chip companies will post encouraging third quarter results, brokers said. The Sensex, after a cautious start, gathered momentum and rallied to 34,558.88, before ending at 34,503.49, a rise of 70.42 points, or 0.20%. It broke its previous closing high of 34,443.19 hit on January 9.
The Nifty, after range-bound morning trade, soared to touch an all-time high of 10,664.60 on a flurry of buying deals.
