Nifty hits all-time high

On Friday the 31-scrip index touched a new high 34638.42 while the 51-scrip index also rose at 10,689.10

On Friday the 31-scrip index touched a new high 34638.42 while the 51-scrip index also rose at 10,689.10

It was a volatile day and last minute buying pushed the index towards fresh closing high on Nifty on Thursday, but most analysts are losing conviction in the Bull run at least in the short term.

The broader NSE index was up 0.27 percent at 10,679.55 as of 0630 GMT, after rising as much as 0.37 percent to a record 10,690.25.

The 30-share index had advanced 134.93 points, or 0.39 per cent, to hit all-time high of 34,638.42, while Nifty had soared to a record of 10,690.25 by gaining 39.05 points, or 0.36 per cent, in early trade. During the week, the Sensex gained 438.54 points, or 1.28%, while the Nifty rose 122.40 points, or 1.15%.

The S&P BSE Sensex fell to an intraday low of 34,342.16 and the Nifty50 dropped to 10,597 as four Supreme Court judges today came out heavily against the Chief Justice, Dipak Misra.

"There is a little bit of hesitation seen ahead of key macro data coming later in the day".

As per provisional data, domestic institutional investors had bought shares worth Rs 770.02 crore, while FIIs sold equities to the tune of Rs 623.63 crore yesterday. Japan's Nikkei dipped 0.1 per cent.

India's largest software exporter TCS yesterday said its net profit slipped 3.6 per cent to Rs 6,531 crore in three months to December due to margin compression and softness in the banking and financial services sector, which is its largest revenue segment.

It broke its previous closing high of 34,443.19 hit on January 9.

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