The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips shares gained after better-than-expected quarterly economic growth data. Resources firms rallied late in the session after the Attorney General proposed to the Supreme Court that about 40 of the 218 coal mines it declared illegal should not be taken back from the companies that operate them as they were either producing or were close to producing.
The 50-share Nifty rose as much as 1.01 percent to a record high of 8,035, surpassing its previous all-time high hit on Aug. 25. It ended up 0.92 percent. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 42 advances to 8 declines.
The 50-share Nifty rose as much as 1.01 percent to a record high of 8,035, surpassing its previous all-time high hit on Aug. 25. It ended up 0.92 percent. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 42 advances to 8 declines.
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