Sensex scales another peak of 30346.69; Nifty at 9450.65

After a strong opening, the 30-share BSE Sensex continued its upward journey to hit a fresh intra-day high of 30,271.60 before ending at 30,248.17, up 314.92 points, or 1.05 per cent. The 30-share Sensex also rose as much as 338 points to its record high of 30,271 at intra-day moving beyong its previous peak of 30,177.

The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as.

However, in the last half hour of trade Sensex came under selling pressure and ended the day two points higher than its previous close. "Both the benchmark indices are now witnessing firm sentiments and we expect the Indian equities to continue with firm trades in the second half of the session as well".

Indian shares rose on Tuesday after three consecutive sessions of falls as recent decliners such as IT stocks recovered, but overall sentiment was cautious ahead. Shanghai Composite Index fell 0.03 per cent.

Anand James, Chief Market Strategist of Geojit Financial Services, said: "Earlier in the day, French electoral outcome's positivity was dented by weak Chinese data, but oil's rise and Saudi and Russia's readiness to extend production cuts could keep U.S. equities northbound".

Zee Entertainment Enterprises jumped 5.7% to 545.35 rupees, taking its two-day gains to almost 10%.

The made net investments worth of Rs 333 crore in equities, the stock exchange provisional data shows.

"Appreciation of Indian rupee against the United States dollar also supported the firmness".

"But profit booking towards the end of session dragged the stocks off their session highs". "Banking stocks resumed the firmness on strong buying support", Desai told IANS. India VIX closed lower by 4.7% at 11.1 levels.

Among the top gainers, Wipro, Axis Bank, Adani Ports, Larsen & Toubro and International Olympic Committee rose 1-3 percent.

Bharti Airtel, which ended with a hefty gain on Wednesday, is down 1.7% on profit taking.

On the other hand, the S&P BSE oil and gas index fell by 134.37 points, the capital goods index by 91.37 points and the power index by 28.84 points.

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