Nifty ends at record close 9150

Key Benchmarks ended the week end on a flat note after registering fresh highs intraday as investors are likely to have booked profits in the rally seen during the week. The BSE Sensex settled the day at 29,649, up 63 points, while the broader Nifty50 ended at 9,160, up 6.35 points or 0.07%. The market breadth was downbeat. About 1,225 shares advanced, while 1,593 shares declined, and 204 shares are unchanged.

The cigarette maker ITC rose over 7% at intra-day after the GST Council capped the tax on tobacco products.  ITC ended 4.6% higher along with other cigarette stocks such as Godfrey Phillips, and Golden Tobacco gained today on the BSE. Telecom index was the top sectoral laggards, going down 2.7% with Bharti Airtel dragging the index.  PSU banks and telecom stocks also witnessed a fall.

Overseas, European stocks edged lower since investors take a sigh from a global equity market rally that has pressed U.K stocks to record highs.