Nifty closes at all-time high of 9,160



    Nifty closes at all-time high of 9,160

Updated on : 17-03-2017 06:40 PM
The new-found optimism spurred stocks to new levels as the Nifty ended at a new peak of 9,160 on Friday and the Sensex notched up minor gains, with liquidity giving investors enough confidence.


Fund inflows continued unabated after the BJP's sterling win in UP and Uttarakhand assembly elections.

Buying activity picked up after the GST Council on Thursday paved the way for rollout of the new tax regime from July, triggering interest in FMCG stocks.

The NSE Nifty crossed the key 9,200-mark for the first time in early hours to hit an all-time high of 9,218.40.

But it settled at 9,160.05 -- a new high -- up 6.35 points, or 0.07 per cent, surpassing yesterday's close of 9,153.70.

The Sensex closed up 63.14 points, or 0.21 per cent, at 29,648.99.

On a weekly basis, the BSE Sensex rallied 702.76 points, or 2.42 per cent, and the Nifty 225.50 points, or 2.52 per cent, extending gains for the second straight week.

@BJ

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