Nifty scales another peak of 11,470, up 20 points
Mumbai, Aug 9 (DIN NEWS) The NSE benchmark Nifty today hit a new closing high of 11,470.70, rising by 20.70 points on hectic buying mainly in banking sector stocks. Sentiments were firm following International Monetary Fund (IMF) pegging India’s economic growth at 7.5 per cent for the 2019-20 fiscal. Gains in rupee, lower crude and unabated buying by foreign institutional investors also supported the market to hit record highs. Asian equities too closed higher with China ending over a per cent higher. However, European markets fell as investors turned cautious…
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