Nifty ends above 10,800 for the first time; up 28 pts
NSE benchmark Nifty registered modest gains despite late volatility and advanced by 28.45 points to 10,817 — a fresh record closing high on sustained buying mainly in FMCG, bank Nifty and finance service sectors. Gains were triggered by reports indicating that the government is mulling a proposal to hike foreign direct investment (FDI) limit in the banking sector on the back of positive global cues amid sustained FII inflows, taking the key indices intra-day record highs, underpinned sentiment. However, heavy selling pressure during fag-end trade mainly in metal, realty, PSU…
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