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BW Businessworld

Sensex, Nifty At New All-Time Highs

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The benchmark BSE Sensex and NSE Nifty hit their new record highs by rising 204.25 points to 27,230.95 and 58.30 points to 8,145.15 respectively in early trade on Monday (08 September) on emergence of heavy buying by funds and retail investors amid a firm Asian trend.
 
The 30-share index, which had lost 113.24 points in the previous two sessions, recovered by 204.25 points, or 0.75 per cent, to new peak of 27,230.95 with all sectoral indices, led by oil and gas and capital goods gaining up to 0.91 per cent.
 
The National Stock Exchange index Nifty also gained 58.30 points, or 0.72 per cent, to trade at fresh high of 8,145.15.
 
Goldman Sachs has raised Nifty's target to 9,000 points for September 2015. Its previous target was 8,600 points for June 2015.
 
Goldman says earnings sentiment remains positive for the overall market.
 
The 50-share broader index is the best performing equity index in Asian markets, up 32.6 percent in U.S. dollar terms for 2014 so far.
 
The BSE Sensex had recorded its earlier intra-day high of 27,225.85 and the Nifty clocked its peak of 8,141.90 on September 3 this year.
 
Brokers said heavy buying by funds and retail investors amid firming trend in other Asian markets mainly boosted trading sentiment here.
 
Among other Asian markets, Japan's Nikkei was up by 0.17 per cent, while Hong Kong's Hang Seng rose by 0.21 per cent in early trade on Monday.
 
(Agencies)


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