Sensex, Nifty extend winning streak for 6th day, led by IT stocks

Equity benchmark indices continued their upward momentum for the sixth consecutive session on Thursday, supported mainly by strong buying in IT stocks.

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However, both indices ended the day off their highs as some profit booking emerged later in the session. The Sensex touched a new 52-week high of 85,290 during the day, gaining as much as 864 points. It finally settled with a modest rise of 130 points, or 0.15 per cent, at 84,556. The Nifty also surged to an intra-day high of 26,104 before closing almost flat at 25,891, up 23 points. Analysts said that the Nifty completely erased its morning gains during the day; nevertheless, the short-term trend remains strong.