Nifty, Sensex soar to new 52-week highs

The key benchmark indices were trading at new year highs in the early deals amid positive cues in Asian markets. The Sensex was up 193 points to 17,220 levels and the Nifty rose 57 points to 5,111. The Sensex and Nifty had soared to new 52-week highs when it touched 17,247 and 5118 respectively at their day's highest levels.
“The second quarter results are very important for the markets. Though the overall fundamentals are improving, valuations are a bit on the higher side,” said P N Vijay, MD, PN Vijay Financial Services.
Metal, realty and auto

stocks trended higher today. The metal index on the BSE rose 1.4 per cent and the BSE realty index advanced 1.2 per cent. The auto index also surged 1.2 per cent.
Among the Sensex stocks, Reliance Infra rose 2.2 per cent. M&M, Hero Honda, HDFC and Sterlite Ind were the other major gainers, up over 1.7 per cent each.
However, RCom was the biggest loser in the group. The stock shed 2.4 per cent.
In the US markets, most stocks posted modest losses after quarterly sales at Johnson & Johnson fell short of expectations and an influential analyst stirred worries that bank shares are overheated.
The Dow fell 14.74, or 0.2 percent, to 9,871.06. The Standard & Poor's 500 index fell 3.00, or 0.3 percent, to 1,073.19, its first loss after six days of gains. The Nasdaq rose 0.75, or less than 0.1 percent, to 2,139.89.
Asian markets were trading mostly higher today. China’s Shanghai Composite was up 2.1 per cent and Hong Kong’s Hang Seng rose 1.4 per cent. Japan’s Nikkei, however, fell 0.3 per cent.
(With AP inputs)