Sensex, Nifty End in Green After Falling Following SC Judges Press Conference

Sensex ends at new high of 34,592 Nifty at record 10,681

Equity indices surge to new highs on global cues, buying support

Around 2 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE rose by 36.84 points or 0.11 per cent to trade at 34,540.33 points.

Globally, Asian stocks closed mostly higher after oil prices rallied overnight and China dismissed media reports that officials have recommended slowing or halting purchases of US debt. The broader Nifty also strading up by 22.45 points, or 0.21 percent at 10,673.65. "Expectations are that the aggregate earnings of Sensex companies will see a double digit growth".

Overseas, European stocks edged higher amid good earnings. USA stocks surged to close the session at record highs yesterday as investors bet economic growth would pick up steam. While BSE Sensex fell 119.87 points at 34,383.62 after the press conference, the 50-share NSE Nifty fell 39 points to 10,612.20.

It saw an intra-day movement of about 93.30 points.

Major Sensex gainers on Friday were: ICICI Bank, up 2.63 per cent at Rs 317.60; Maruti Suzuki, up 1.27 per cent at Rs 9,460.30; ONGC, up 1.26 per cent at Rs 200.25; HDFC, up 1.17 per cent at Rs 1,761.25; and Reliance Industries, up 1.02 per cent at Rs 946.75.

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UPL (-1.3%), TCS (-1.2%), Sun Pharma (-0.38%), BPCL (-0.31%), Power Grid (-0.30%) were the top losers in today's trade.

Back home, the breadth, indicating the overall health of the market, was strong.

The BSE Midcap index was 0.61 per cent down at 18,056, while Sensex was 0.22 per cent down at 34,427 around 12.35 pm (IST).

Turnover in the cash segment rose to Rs 38,117.13 crore from Rs 35,305.76 crore as on Thursday. A total of 48 shares were unchanged. The market capitalisation of listed firms on the NSE stood at Rs 1,53,21,627.92 crore.

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