Nifty hit its highest in more than 11 months on Thursday tracking rising global markets, although broader gains were capped ahead of quarterly earnings and an expected government announcement about the next central bank chief.

 

The Nifty rose 0.53 percent to end at 8,565, after earlier hitting its highest since Aug. 10. The index fell as much as 0.22 percent intraday.

 

The Sensex rose 0.46 percent to 27,942.11 after earlier hitting its highest since Aug. 19.

 

In the 50-share index, Grasim, ICICI Bank, Maruti Suzuki, ZEEL and Power Grid gained up to 2.98 per cent. On the other hand, ONGC, Infosys, Sun Pharma, M&M and Dr Redd’s slipped between 1.04 per cent and 1.46 per cent.

 

Asian peers ended mixed on Thursday. Hang Seng and Nikkei closed higher by 1.12 per cent and 0.95 per cent. Shanghai settled lower by 0.22 per cent.