TIL Desk/Business/Mumbai/ Showing renewed strength, the Nifty closed above the 9,900 level for the first time and the Sensex set a fresh life high today, building on optimism about corporate earnings.
Most Asian shares ruled firm, picking up cues from stronger than expected economic growth in China and expectations that the Federal Reserve will tread with care in tightening its policy, given lacklustre data, which led to a record close in the US on Friday.
Investors were optimistic that blue-chip companies might post encouraging first quarter numbers in coming days. On top of it, monsoon progress so far has been above-normal.
The 30-share Sensex jumped further to set a life-time high of 32,131.92, before ending up 54.03 points, or 0.17 per cent, at a new record 32,074.78. It broke its previous life high of 32,037.38, hit on July 13.
The gauge has lost 16.63 points on Friday. The 50-share index ended above the 9,900 level for the first time by surging 29.60 points, or 0.30 per cent, at new peak of 9,915.95, surpassing its previous closing high of 9,891.70 hit on July 13.
