BENGALURU, Aug 30 Reuters Indian shares hit a fresh peak on Friday, tracking gains in regional peers, after U.S. economic data eased growth concerns, while investors await domestic quarterly growth data.
The NSE Nifty 50 index was up 0.27 at 25,218.85 as of 1015 a.m. IST, while the SP BSE Sensex added 0.23 to 82,329.79, with both the benchmarks hitting alltime highs.
The Nifty has risen for the previous 11 consecutive sessions, marking its longest winning streak in about 17 years.
Both the benchmarks have gained about 1 in August and are on course to log gains for the third straight month, adding about 12 over the period.
We expect the uptick in markets to continue further, helped by surplus liquidity and a positive mediumterm growth outlook, said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services.
Asian markets rose, with the MSCI39;s broadest index of AsiaPacific shares outside Japan up 0.7, on the back of robust U.S. economic data.
Market participants now await U.S. core personal consumption expenditures data, the Federal Reserve39;s preferred gauge of inflation, on Friday to confirm bets of the September rate cut.
All 13 major sectors logged gains. The broader, more domestically focussed small and midcaps rose about 0.4 each.
Twowheeler makers Hero MotoCorp and TVS Motor rose 2.4 and 1, respectively, after several brokerages termed them key beneficiaries due to rural demand recovery and expected them to post volume…