Mumbai: Stocks bid goodbye to 2017 in style as the last trading session of the year saw the BSE benchmark index rallying 209 points to finish at a fresh life-time high of 34056.83. The Nifty too rallied 2,344.90 points, or 28.65%, in 2017.
Indices extended gains in the evening trade, with the Sensex trading above the psychological 34,000 mark on the last trading day of 2017.
"Ever since Gujarat elections, expectations are rising that the upcoming Budget would be rural focused and that is supporting the market sentiment in the near term".
The NSE Nifty slid 40.75 points, or 0.39 percent, to 10,490.75 after scaling a new peak of 10,552.40.
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Highs each afternoon will probably get stuck in the 30s and overnight lows will drop down into the very chilly 20s. Boston may be about 5 degrees at midnight and not that far off the record low of -3 the morning of New Years Day .
The 30-share BSE index made a modest gain of 63.24 points, or 0.18 per cent, at 33,975.05.
Both the indexes, up more than 27 per cent each, are on track for a second straight year of gains.
It surpassed its previous closing high of 34,010.61 reached on December 26. The Sensex advanced by 116.53 points, or 0.34%, while the Nifty gained 37.70 points, or 0.35%, during the period.
Indian shares closed higher for the fourth straight session on Tuesday, led by.
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In four days, shares of the company have zoomed 122% adding Rs 5,506.76 crore to its market capitalisation.
Infratel (+2.4%), Asian Paints (+2%), TCS (+1.7%), Tata Motors (+1.6%) and Axis Bank (+1.5%) were the top gainers on Nifty50.
Sector-wise, the rally was driven by telecom (up 1.63 percent), power (1.46 percent), teck (1.24 percent), IT (1.20 percent), auto (1.16 percent), FMCG (0.85 percent), consumer durables (0.85 percent), infrastructure (0.83 percent), capital goods (0.51 percent), realty (0.46 percent), bankex (0.36 percent) and healthcare (0.18 percent).
Today, the start of the last trading session of the calendar year, is likely to be mildly in the red. Reliance Industries Ltd rose 0.6% to Rs930. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.
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