Nifty touches year's high
Nifty touches year's high on better IIP data
The wide-based National Stock Exchange index Nifty surged to a year's high of 5,182.55 points in mid-session today on brisk buying by funds in fundamentally strong stocks on robust industrial growth data.
The 50-share Nifty rose by 47.90 points to 5,182.55 at 1215 hrs, a level last seen on October 20, last year. The Bombay Stock Exchange benchmark Sensex also rose by 162.40 points to 17,351.71 at the same time.
Trading sentiment boosted soon after the release of Industrial growth data which showed a robust 10.3% in October against 0.1% in the same month last year.