Mumbai: The benchmark NSE Nifty on Friday crossed the psychologically significant 9,200-level for the first time during intra-day trade even as the Indian equity markets traded on a flat note as investors turned to book profits.
The wider 51-scrip Nifty of the National Stock Exchange (NSE), which opened at 9,207.80 points, touched a new record intra-day high of 9,218.40 points.
It traded a tad lower by 0.50 points or 0.01 percent at 9,153.20 points.
"The CNX Nifty currently faced resistance at higher levels due to profit booking and traded on a lower note. Recovery due to short covering in USD/INR futures prices pressurised the price movement of the Indian equity markets at higher levels," Dhruv Desai, Director and Chief Operating Officer of Tradebulls Said
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,755.74 points, traded at 29,643.17 points (at 12.40 pm.) -- up 57.32 points or 0.19 percent from the previous close at 29,585.85 points.
The Sensex has so far touched a high of 29,824.62 points and a low of 29,627.62 points during the intra-day trade.
In contrast, the BSE market breadth was bearish -- with 1,556 declines and 1,032 advances.
FMCG stocks witnessed healthy buying while heavy selling pressure was seen in capital goods, banking and automobile stocks.
Positive global cues, coupled with a strong rupee and fresh inflows of foreign funds, infused healthy buying sentiments and brought cheer to the equity markets.
The NSE Nifty was up 68.90 points or 0.76 percent -- to close at 9,153.70 points. The Sensex rose by 187.74 points or 0.64 percent to 29,585.85 points.