Market at new peak: Sensex rallies 277 points to end above 58,000; Nifty tops 17,300

Reliance Industries (RIL) was the top gainer in the Sensex pack, followed by Titan, Tata Steel, Bajaj Auto, Maruti and Dr Reddy’s.

Equity benchmark Sensex surged 277 points to close above the 58,000-mark for the first time on Friday, driven by gains in index major Reliance Industries amid a largely positive trend in global markets and sustained foreign fund inflows. The 30-share Sensex settled 277.41 points or 0.48% up at its lifetime closing high of 58,129.95. It touched an intra-day record of 58,194.79. Similarly, Nifty advanced 89.45 points or 0.52% to its all-time closing peak of 17,323.60. During the session, it touched a record of 17,340.10.