Nifty ends at all-time high, Sensex firm above 32400; Airtel rallies 8%

Sensex moves up 113 pts Nifty climbs above 10,000

Sensex moves up 113 pts Nifty climbs above 10,000

The Sensex added 618.47 points, or 1.94 per cent, during the week - the biggest such weekly jump since July 14 when it read 660.12 points, or 2.10 per cent - and the NSE Nifty soared 187.75 points, or 1.88 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, too, witnessed a strong closing at 32,432.69 points - up 250.47 points, or 0.78 per cent, from its previous close - its highest level since August 1 when the Sensex closed at a high of 32,575.17 points.

The 50-share NSE index rose to 10,167.45 - a fresh record - up 71.05 points, or 0.70 per cent - after scaling a new intra-day high of 10,191.90. Better than expected macroeconomic data cheered sentiment on the street. While the Nifty has made a new high in September, the Sensex has not. At 9.36 a.m, the Sensex was trading up 212.10 points or 0.66% at 32,394.32 with 22 components gaining. On the other hand Tata Tele hit the 10 percent upper circuit for the second session on Friday.

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Heading into the stock price potential, Carnival Corporation needs to grow just 8.59% to cross its median price target of $72.6. In other news, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction on Monday, July 31st.

The consumer inflation for September held steady, against expectations of acceleration, and industrial output hit high a nine-month high, data released on Thursday showed.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Market saw a fresh high due to good start to Q2 (second quarter) results".

Markets also got a boost after Bharti Airtel Ltd rallied on a deal to buy the Tata conglomerate's consumer mobile business, while Reliance Industries Ltd rallied as much as 2 per cent ahead of its results later in the day.

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Avis Budget Group Inc ., launched on August 1, 1974, is a provider of vehicle rental and auto sharing services . (NASDAQ: CAR ). The expected CAR's profit could reach $247.75M giving the stock 3.43 P/E in the case that $3.00 earnings per share is reported.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

Sectoral indices turned green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent.

Besides Bharti Airtel, IT bellwether TCS firmed up 0.32 per cent to Rs 2,556.75 even as the company's net profit fell 2.1 per cent in the September quarter. Hong Kong's Hang Seng, however, was down 0.16 per cent.

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