Sensex, Nifty at historical highs

The Asian Age.

Business, Market

Benchmark 30-share index reaches 31,706; Nifty too at a new peak of 9,772.

A file photo of tarders celebrating markets reaching new record highs.

Mumbai: Markets continued their upward climb in afternoon trade with both Sensex and Nifty peaking a fresh all-time highs. The benchmark 30-share index went up as much as 346 points to break all previous climbing records and rested at 31,706.

Sensex had achieved a record peak of of 31,522 on June 22. In today's trading, Nifty gained as much as 116 points to reach the all-time high of 9,772 mark. Nifty had climbed a record or an all-time high of of 9,709 on June 6.

Since morning, markets were doing well in anticipation of good performance from some companies that are expected to release their quarterly performance cards. Blue chip Tata Consultancy Services is also slated to reveal its first quarter results on July 13.

Mint reported that all the sectoral indices led by technology, IT, realty, PSU, healthcare and bank were in the green. They gained up to 1.58 per cent in their stock values.

"Covering-up of short positions helped lift the index too. A mixed trend at other Asian bourses following a rally on Wall Street on Friday on the back of forecast-busting US jobs data cheered investors here," the report said.