Nifty-50 at new high as hopes soar
The Nifty crossed the 12,300-mark and touched a new peak of 12,311.20.
![The Sensex fell 334.44 points or 0.82 per cent to settle at 40,445, while Nifty shed 96.90 points or 0.81 per cent to close at 11,921.50. The Sensex fell 334.44 points or 0.82 per cent to settle at 40,445, while Nifty shed 96.90 points or 0.81 per cent to close at 11,921.50.](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-l9h4h8r2uv9fa5en1dmc9gssi0-20191207020014.Medi.jpeg)
Similarly, the broader Nifty was trading 55.65 points or 0.46 per cent higher at 12,109.05. (Photo: File)
Mumbai: The Nifty-50 hit a record high, as the market rallied on renewed optimism over a series of positive factors like easing US-Iran tensions and falling crude oil price and expectations of growth boosters in the Union budget, a good rabi crop that may boost consumption and a relatively better earnings season. The Nifty crossed the 12,300-mark and touched a new peak of 12,311.20. before closing at 12,256.80. As US-Iran tensions eased, Brent crude oil futures traded around $65 a barrel, a fall from $70-plus.
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