Sensex hits new peak of 33295, Nifty at 10369 pts

Sensex hits new peak of 33295, Nifty at 10369 pts

30-share BSE Sensex closed 11.23 points below the previous closing mark at 33,254.93 while the broader 50-share NSE Nifty opened on 10,364.90, up by a mere 1.25 points.

According to market observers, expectations of faster economic growth on the back of the recently announced recapitalisation measures for state-run banks as well as hopes of better quarterly results kept investors' sentiments upbeat.

The NSE Nifty fell by 22.60 points, or 0.21 per cent, to trade at 10,341.05. "The Indian rupee strengthened against the USA dollar", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

"On the global front, market participants are likely to stay conservative ahead of the two days FOMC (Federal Open Market Committee) meeting from tomorrow (Tuesday)".

"Positive Asian shares added to optimism".

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Buying by domestic institutional investors (DIIs) lifted mood too, traders said.

On Friday, a massive bout of profit booking subdued the key indices to close on a flat note after touching record new intra-day highs.

Hong Kong's Hang Seng was trading higher by 0.06 per cent while Japan's Nikkei rose 0.35 per cent. Shanghai Composite, however, shed 0.09 per cent today.

Sector-wise, the S&P BSE consumer durables index surged by 428.09 points, followed by the automobile index by 213.24 points and the capital goods index by 190.24 points.

Shares of Tata Steel (down 2.84 per cent), SBI (down 1.95 per cent), Coal India (down 1.85 per cent), Infosys (down 1.78 per cent), Mahindra & Mahindra (down 1.38 per cent) and Tata Motors (down 1.22 per cent) were the major drags on BSE.

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