Key benchmark indices extended gains in today’s trade to end at fresh highs on a closing basis. The 50-share Nifty ended at its highest closing level in 2014 while the 30-share Sensex hit an all time closing high in today’s trade. The positive tone for the market was set in noon trades when European markets started in the green reversing some of its earlier losses.For the day, the Sensex closed up 36 points at 21,374 and the Nifty gained seven points to close for the day at 6,345. The market breadth was negative owing to the weakness in broader markets.,1,453 stocks declined while 1,255 stocks advanced on the BSE.
The rupee breached the Rs 62 per dollar mark in early trade due to month end dollar demand from importers. However, the currency appreciated in noon deals to trade at 61.97 to a Dollar.
Earlier in the day, markets had a choppy session with key indices largely in red on account of negative Asian cues coupled with profit booking in heavyweight names like Reliance Industries and TCS. However, in the noon deals investor sentiment was boosted by positive moves in the European markets.However, there was a bout of selling in the broader markets with both the mid and smallcap indices closing for the day in the negative territory. The smallcap index was down 0.1% and the midcap index gave off 0.5%, both underperforming the BSE benchmark index which was up 0.2%.