Sensex ends at an all-time high, Nifty closes at 11,877.45

The domestic stock market indices zoomed to a fresh record high on Thursday but later receded in the afternoon trade.

While Sensex closed 77 points higher at 40,129, Nifty ended 33.35 points higher to close at 11,877.45.

Sectorally, financial services, metal and private banking stocks closed in the bearish zone, while media and PSU banking scrips closed at a hike of over 3%, followed by over 1% in realty and IT stocks.

Among stocks, private sector lender Yes Bank was the winner of the day after the announcement that it has received a binding offer of 1.2 billion dollars from a global investor.

The stock closed with gains of 23.77 per cent at Rs 70.30 per share. Public sector State Bank of India too showed handsome gains of 7.8 per cent to close at Rs 312.50 per cent. The other prominent gainers were Grasim, Infosys, Bharti Infratel, Tata Motors, GAIL and Wipro.

However, metal stocks showed de-growth with JSW Steel declining by 2.8 per cent and Tata Steel by 2 per cent. Axis Bank, ICICI Bank and HDFC Bank too were in the red along with Tech Mahindra, Vedanta and Reliance Industries.

Meanwhile, Asian shares and US stock futures edged higher after the Fed cut interest rates to keep the economic expansion on track. However, the Fed hinted that there will be no further cuts unless deemed necessary.

Japan's Nikkei moved up by 0.37 per cent, Hong Kong's Hang Seng index by 0.9 per cent and South Korea`s Kospi by 0.15 per cent. But the Shanghai Composite index slipped by 0.35 per cent as data showed that factory activity in China shrank for the sixth straight month in October.

(With inputs from ANI)