Sensex Ends Flat After Hitting All-Time High Of 27,969.82


MUMBAI: In a range bound trade, the benchmark S&P BSE Sensex ended almost flat at 27,860.38 after scaling historic high on buying mainly in Realty and Banking sectors amidst mixed global cues.

Trading sentiment was by and large tapid as traders perferred to stay sidelines ahead of trading holidays during the week.

The Sensex resumed higher at 27,943.04 and firmed up further to an all-time high of 27,969.82 on initial strong buying in view of good foreign capital inflows. However, it declined afterwards to 27,785.40 before ending at 27,860.38, showing a marginal loss of 5.45 points or 0.02 per cent.

However, the CNX 50-share Nifty closed at a news high of 8324.15 with a modest gains after hitting a lifettime high of 8350.60 in intra-day trade.

India's manufacturing sector output picked up modestly during October, driven by strong demand conditions and rise in new order flows, an HSBC survey said today.

The headline HSBC India Purchasing Managers' Index (PMI) -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- rebounded from September's nine-month low of 51.0 to 51.6 in October.

Trading will be truncated this week as the stock market will remain closed tomorrow, November 4, on account of Muharram. Also, there will be no trading on Thursday on account of Gurunanak Jayanti.

Source: PTI