Nifty hits fresh peak on recovery hopes

The 30-share Sensex also gained 250 points, to 32,433, 111-point shy of a new record high

The benchmark Nifty closed at a new record high on Friday after economic data surprised positively. The rupee ended three-week high of 64.93 against the dollar, while the yields on the 10-year benchmark government security softened two basis points to 6.73. The Nifty gained 71 points, or 0.7 per cent, to close at an all-time high of 10,167, surpassing its September 18 record. 

The consumer inflation for September held steady, against expectations of acceleration, and industrial output hit high a nine-month high, data released on Thursday showed. Market players said the reading sparked hopes of an economic recovery and of