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Intraday Equity benchmarks surged to record highs Tuesday among growing perception that India is the best placed among emerging markets because of its improving macroeconomic fundamentals. The 30-share Sensex hit a new peak of 28829.29, before closing at 28784.67, up 522.66 points or 1.85 percent over its previous close.
The 50-share Nifty closed at 8695.60, up 144.90 points or 1.69 percent after hitting a new high of 8,707.90 intraday. The broader markets underperformed benchmarks with BSE Midcap and Smallcap indices rising 0.4 percent each.
Today in intraday Metal stocks led the rally as key benchmark indices surged to record high. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both hit lifetime high after International Monetary Fund (IMF) yesterday, 19 January 2015, said India's economy will be world's fastest-growing major economy in the year through March 2017.
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Intraday Equity benchmarks surged to record highs Tuesday among growing perception that India is the best placed among emerging markets because of its improving macroeconomic fundamentals. The 30-share Sensex hit a new peak of 28829.29, before closing at 28784.67, up 522.66 points or 1.85 percent over its previous close.
The 50-share Nifty closed at 8695.60, up 144.90 points or 1.69 percent after hitting a new high of 8,707.90 intraday. The broader markets underperformed benchmarks with BSE Midcap and Smallcap indices rising 0.4 percent each.
Today in intraday Metal stocks led the rally as key benchmark indices surged to record high. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both hit lifetime high after International Monetary Fund (IMF) yesterday, 19 January 2015, said India's economy will be world's fastest-growing major economy in the year through March 2017.
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