Sensex ends over 6.10 points higher at 27,874.73;Nifty at 7.25 points up at 8,344.25

Mumbai: Sensex on Monday ended 6.10 points higher at 27,874.73 while Nifty closed 7.25 points up at 8,344.25.

Earlier in the day, the market slipped away succumbing to selling pressure. The Sensex faced a fall of 89.36 points at 27779.27 and the Nifty down by 26.15 points at 8310.85. About 1293 shares have advanced, 1449 shares declined, and 115 shares are unchanged.

Earlier in the day, Sensex hit new record-high of 28,027.96 and the NSE Nifty touched another peak of 8,383.05, respectively in opening trade on Monday as investors cheered expansion of the Union Cabinet amidst continued foreign capital inflows.

Besides, a mixed trend at other Asian markets influenced trading sentiments.

The 30-share index, which had lost 47.25 points in the previous session, recovered by 159.33 points, or 0.57 per cent, to a new peak of 28,027.96 with all sectoral indices, led by FMCG, healthcare, metal and consumer durables gaining up to 1.43 per cent.

The National Stock Exchange index Nifty also gained 46.05 points, or 0.55 per cent, to trade at a new lifetime high of 8,383.05.

The BSE Sensex had recorded its earlier intra day high of 28,010.39 and the Nifty clocked its peak of 8,365.55 on November 5.

Brokers said sustained foreign funds inflow and widespread buying by investors on hopes of acceleration in economic reforms process after Prime Minister Narendra Modi expanded his Council of Ministers, mainly buoyed trading sentiments, lifting key indices to new highs.

Meanwhile, Finance Minister Arun Jaitley on Sunday said that the government will amend the tough land acquisition law.

Among other Asian markets, Hong Kong's Hang Seng rose by 2.23 per cent, while Japan's Nikkei was down by 0.72 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.11 per cent higher in Friday's trade.