Sensex, Nifty Hits All Time High in Early Trade

by Ben Pena May 3, 2017, 0:33

The benchmark Nifty today fell by 38.10 points but managed to hold the psychological 9,300-level on a day marked by profit-booking in index heavyweights. The broader NSE Nifty rose as much as 0.4% to a record high of 9,343.15 points, its second consecutive all-time milestone.

The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange closed higher by 190.11 points or 0.63 per cent.

Market breadth remained negative as 1,472 stocks closed in red, 1,396 stocks finished higher and 133 ruled steady.

"Positive earnings from banks also helped", Jasani added.

Both indexes posted their biggest daily percentage gains since March 14.

Market benchmark Nifty surged past the 9,300-level for the first time today, fuelled by a rally in Reliance Industries and other bluechips on upbeat earnings.

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According to the provisional data released by the stock exchanges, FPIs offloaded shares worth Rs 492.52 crore, which suggests that the rally was primarily driven by domestic investors.

Mumbai: Taking a cue from global markets, the key Indian equity market indices on Thursday opened flat.

Top losers in the Sensex-30 pack: ITC (down 2 per cent), HDFC (down 1.9 per cent), Bharti Airtel (down 1.6 per cent), HDFC Bank (down 1.4 per cent) and TCS (down 1 per cent).

The Sensex is trading at 30,044.54 points, up by 101.30 points or 0.34 per cent. Shanghai Composite Index gained 0.36 per cent.

The stock gained 1.14 per cent to end at Rs 1,432.50 on BSE.

The rupee also continued its upward trend to log a near 21-month high of 64.26, by surging 18 paise against the United States dollar on sustained dollar unwinding from exporters amid positive global cues. European indices like FTSE 100 and CAC 40 traded higher.


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