Domestic stock market continued their hot streak, closing at record highs on Friday. Both the Sensex and Nifty indexes scaled new peaks, fueled by a combination of positive factors. The key driver of the rally was stronger-than-expected GDP growth reported for India's October-December quarter. Positive US inflation data and continued buying by FIIs provided additional support. After opening at 22,048.30, the Nifty 50 index marched higher as the session progressed to settle above the 22,300 level. Among sectors, banks and metals shares were in demand. On the other hand, media, healthcare and pharma shares declined.

In the barometer index, the barometer index, the S&P BSE Sensex zoomed 1,245.05 points or 1.72% to 73,745.35. The Nifty 50 index surged 355.95 points or 1.62% to 22,338.75. ...

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  (01-Jan-16 08:45)

  Market may edge higher in early trade
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  (01-Jan-16 08:55)

  Metal stocks may slide on weak Chinese data
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  (01-Jan-16 09:34)

  Market drops in early trade
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  (01-Jan-16 10:17)

  Strong market breadth