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Nifty ends at record high, Sensex up 116 points

Mumbai: Benchmark Nifty closed at an all-time high of 9,173.75 while the Sensex rose for the third straight session today on optimism surrounding the GST amid expiry of derivatives contracts.

The broad-based NSE Nifty edged higher by 29.95 points, or 0.33 percent higher to a record closing of 9,173.75 after hovering between 9,183.15 and 9,136.35.

This is Nifty’s highest closing since March 17, when it had ended at 9,160.05.

The 30-share Sensex, after touching the day’s high of 29,684.54, succumbed to profit-booking and hit a low of 29,521.65 before settling 115.99 points, or 0.39 percent higher at 29,647.42.

The gauge had gained 294.28 points in the previous two sessions.

The Lok Sabha yesterday cleared four GST legislations to pave the way for the rollout of the new indirect tax regime from July 1, boosting market sentiment.

PTI