Markets Shed Gains But End on New Highs; Sensex up 251 Points at 34,843, Nifty Closes at 10,741

Indian markets zoomed in opening trade on positive macro-economic data among other factors.

Mumbai, Jan 15: Indian markets zoomed in opening trade on positive macro-economic data among other factors. The 30-share BSE Sensex was closing in on the 35,000 mark. At 10:51 am, it was over 330 points higher 34,924. On the other hand, 50-share NSE Nifty gained close to 100 points. Nifty was trading at a new peak of 10,774, up 93 points.

Reflecting the bullish mood, all the sectoral indices, led by realty, banking and power were trading in the positive zone with gains up to 1.01 per cent. Brokers said that buying activity picked up momentum on positive economic data as industrial production growth in November was up to a 17-month high of 8.4 per cent.

Infosys was trading higher by 0.33 per cent at Rs 1,082, following its Q3 earnings. ICICI Bank, Tata Steel, HDFC Ltd, SBI, Power Grid, Reliance Industries, Wipro, NTPC, M&M, TCS were among other top gainers.

Closing Bell: Despite shedding the gains during the day, key equity indices ended on a high. While BSE Sensex was up 251.12 points at 34,843.51 on closing bell, NSE Nifty was up 60.20 points at 10,741.50.

With inputs from PTI