Sensex, Nifty reach new closing peaks

Indian shares end flat Nifty posts best quarter in almost three years

Giving a fillip to the positive sentiment was the release of the Nikkei India Manufacturing PMI which increased to a five-month high of 52.5 in March, from 50.7 in February, indicating a further improvement in the health of India's manufacturing sector.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,737.73 points, provisionally closed at 29,853.82 points (at 3.30 p.m.) - up 289.72 points or 0.98 per cent from the previous close at 29,620.50 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 Nifty Bank index, which ended Thursday at a record closing high, and the Nifty Finance index each fell as much as 0.7 percent.

Heavyweight Reliance Industries jumped 3.94 per cent to Rs 1,371.20 after its telecom unit Jio extended its subscription for Prime membership and offered a complimentary service for three months. Reliance, ICICI, L&T and HDFC were the top contributors to the Nifty gains. During the day, it surged 5.25 per cent to a multi-year high of Rs 1,336.

Tata Motors rose over 1 percent on reports that it has laid off around 6,000 temporary employees in the wake of the Supreme Court's verdict banning sale of BS III vehicles from April 1, 2017.

The BSE Midcap index was up 0.7 percent and Smallcap gained 1.3 percent on strong breadth. Domestic institutional investors (DIIs) bought shares worth a net Rs 1,499.41 crore, as per provisional data. Teck and IT indices declined 0.9 per cent and 0.8 per cent respectively. The company will see additional benefits from "macro tailwinds of industrial capex announcements" in the financial year through March 2018, Jefferies India Pvt. said in an investor note on Monday.



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