New record for Nifty, Sensex upward too

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Mumbai: Benchmark indices closed higher for third straight session with Nifty hitting 9,000 mark in intra-day trades. The 30-share Sensex ended higher by 134.59 points at 29,593.73 and the 50-share Nifty gained 39.50 points at 8,996.25. Nifty hit the record high mark of 9,008.40 for the first time ever during the intra-day trades. Gains were led by sustained buying among IT and pharma shares with index heavyweight Reliance Inds contributing the most to the gains after CLSA predicted that the company’s refining margins may rise to six year high.Market breadth in BSE remained positive with 1,673 advances and 1,178 declines. Some Brokers expect, nifty managing to surpass yet another milestone in just the first quarter of 2015 indicates that this bull market may probably not be over as yet. At the same time according to them, a correction in the market is natural. So it is suggested to watch the market for a few days.