Markets continued to set records for the second straight session on Tuesday with both the Sensex and Nifty closing at life-time highs, as investor optimism climbed on corporate earnings season that kicks off later this week.
The BSE Sensex gained over 31 points to end at a new peak of 31,747.09. The broader Nifty gained 15 points to finish at fresh record high of 9,786.05, a day after a technical glitch hampered trading on its platform for over three hours.
Market expectations are rife that key macro data such as inflation and industrial production — slated for tomorrow — will be encouraging, which accelerated buying pace today.
The BSE 30-share Sensex resumed higher at 31,789.50 and advanced to touch a new all-time intra-day high of 31,885.11, surpassing its previous record of 31,768.39, clocked in yesterday's trade.
It shed much of its early gains on profit-booking towards the fag-end and settled at fresh life-time high of 31,747.09, up 31.45 points, or 0.10 per cent. The Sensex surpassed its previous record closing of 31,715.64 hit yesterday.
In two days, the index has gained 386.45 points.
Similarly, the broader NSE Nifty zoomed past the 9,800- mark for the first time to hit an all-time high of 9,830.05 but failed to maintain record levels on late sell-off, and settled at 9,786.05, up 15 points, or 0.15 percent.
It broke its previous record closing of 9,771.05, hit yesterday after touching an intra-day high of 9,782.15.
Today's session started on a positive note owing to cheerful mood across the globe. Subsequently, we saw extension of yesterdays rally on NSE to reach yet another milestone of 9,800. However, as expected, we witnessed some profit taking at higher levels towards the fag-end to trim major portion of early morning gains.
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