Sensex closes at record high, crosses 32000

Price-to-earnings ratio of Sensex and Nifty is at 18.3 and 17.7 respectively while MSCI Emerging Markets is at 12 and MSCI World is at 16

Bank Nifty was few points away from its all-time high of 23964 level.

India's annual retail inflation eased to a record low of 1.54 per cent during June, lowest since 1999, while the country's factory output growth slowed to 1.7 per cent in May.

The market rally was led primarily by banking and consumer goods stocks.

Meanwhile, the benchmark BSE Sensex climbed 72.37 points, or 0.22 per cent, to a new record 32,109.75 in opening trade.

"Markets ended with marginal losses on Friday due to profit booking ahead of the weekend".

On closing-basis, the NSE Nifty set a new high to settle at 9,891.70 points - up by 75.60 points, or 0.77 per cent.

Shares of Biocon, Central Bank, Indian Bank and Hindustan Petroleum Corporation surged up to 8 per cent, causing the BSE Midcap index to gain 33 points to end at 15,187.41.

The indices had been on a record-breaking spree, scaling fresh record highs each day of the week till Thursday.

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The BSE market breadth was bearish with 1,701 declines and 996 advances.

"Major Asian markets have ended on a positive note".

On the currency front, the rupee strengthened by 14 paise to 64.45 to a U.S. dollar from its previous close of 64.59 to a greenback.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased scrip worth Rs 673.56 crore, while domestic institutional investors (DIIs) divested stocks worth Rs 136.27 crore.

Indian shares snapped a four-day record setting spree to end marginally lower on Friday as investors digested mixed earnings updates from TCS and Infosys and looked ahead to earnings from major US banks, including JPMorgan Chase, Citigroup and Wells Fargo due later in the day for further direction.

"Top gainers in the NSE were Auro Pharma, Gail, ACC, NTPC and Infratel, while the losers were IOC, TCS, Wipro, Tata Motors and Tata Motors (DVR)", he added.

On the other hand, BSE Smallcap index shed 55 points with 20 out of 30 stocks ending the day in red.

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