Markets stay the course, hit new peak on inflows, PMI data

Stock benchmarks Sensex and Nifty on Friday scaled new all-time peaks, riding on more capital inflows and positive PMI data.

Earnings optimism among investors and positive global cues after appointment of a new US Federal Reserve chief helped the indices go higher.

The 30-share BSE index firmed up to an all-time intra-day high of 33,733.71 on a flurry of buying, breaching its previous record of 33,657.57 hit yesterday. Finally, it closed at a fresh record of 33,685.56 by rising 112.34 points, or 0.33 per cent. It broke previous closing record of 33,600.27 hit on November 1.

On Thursday , the gauge had fallen from record by falling 27.05 points.

The Nifty touched a fresh high of 10,461.70 intra-day, breaking the earlier record of 10,453 reached on Thursday. .

The 50-share index ended up 28.70 points, or 0.28 per cent, at a new peak of 10,452.50, surpassing its previous closing high of 10,440.50 hit on November 1.

For the second straight week, the Sensex rose, recording a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.