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Nifty closes at record high, Sensex up by 35 pts

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Press Trust of India Mumbai
The NSE Nifty today set a fresh high of 8,362.65 points at close while the benchmark BSE Sensex edged higher by 35 points as rate-sensitive realty, banking and auto stocks rose ahead of inflation and IIP data.

The 30-share Sensex resumed higher at 27,911.25 and hovered in a range of 27,996.92 and 27,790.40 in a volatile trade. It closed at 27,910.06, showing a gain of 35.33 points or 0.13 per cent.

The 50-share Nifty closed at historic closing high of 8,362.65, a gain of 18.40 points or 0.22 per cent. It shuttled between 8,378.70 and 8,321.85 in day trade.

"Among day's major market moving news, Brent crude was seen trading below USD 82 per barrel after hitting its four-year low," Rakesh Goyal, the Senior Vice President of Bonanza Portfolio, said.
 

Foreign portfolio investors (FPIs) bought shares worth a net Rs 355.30 crore yesterday, according to provisional data from stock exchanges.

"Investors were keeping cautious approach ahead of two crucial data -- CPI inflation and IIP data, which is scheduled on November 12, 2014," Religare Securities President-Retail Distribution Jayant Manglik said, adding that the upcoming data would provide the trigger for next directional move.

As many as 16 scrips of the 30 Sensex pack ended higher while 13 finished lower. Tata Motors ended flat.

Major gainers were M&M (2.35 per cent), Tata Steel (1.84 per cent), Gail India (1.63 per cent), Axis Bank (1.42 per cent), HDFC (1.09 per cent), ICICI Bank (1.02 per cent), Larsen & Toubro (0.86 per cent), Reliance Industries (0.85 per cent) and Sun Pharma (0.59 per cent).

However, BHEL fell by 2.41 per cent followed by ITC 1.91 per cent, Bharti Airtel 1.43 per cent, Infosys 1.09 per cent, Coal India 1.03 per cent and Cipla 0.79 per cent.

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First Published: Nov 11 2014 | 5:30 PM IST

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