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Sensex, Nifty at all-time high
The domestic bourses on Wednesday witnessed another buoyant session as key indices closed at all-time record high. Continuing inflow of foreign funds, recovery in factory data, passage of GST, positive tax collection data, strengthening of rupee and global cues propelled the indices to close at new highs.
Hyderabad: The domestic bourses on Wednesday witnessed another buoyant session as key indices closed at all-time record high. Continuing inflow of foreign funds, recovery in factory data, passage of GST, positive tax collection data, strengthening of rupee and global cues propelled the indices to close at new highs.
Anticipation of holding interest rates by RBI in policy review meeting scheduled on Thursday further boosted the market sentiment. Sensex rose 64.02 points to end the session at 29,974.24 points. NSE Nifty gained 27.30 points and closed at 9,265.15 points. Healthy buying was witnessed in consumer durables, capital goods and automobile stocks.
The BSE market breadth was bullish with 1,987 advances and 936 declines. PSU banks, realty and metal remained top performing sectors on the positive side. “Markets zoomed higher to new highs driven by a rally in index heavyweights, ahead of the RBI's monetary policy meeting's outcome. It was the third consecutive session of gains for the Nifty.
The Sensex touched the crucial benchmark of 30,000 points during the intra-day, while the Nifty too hit a record intra-day high of 9,274 points, before closing below that mark,” said Deepak Jasani, Head, Retail Research, HDFC Securities.
The home currency too rose by 15 paise to 64.88 against US dollar from its previous close of 65.03 to a greenback. The foreign institutional investors (FIIs) purchased scrip worth Rs 340.13 crore, while the domestic institutional investors (DIIs) divested scrip worth Rs 194.05 crore. IT stocks faced resistance at higher due to profit booking and witnessed volatile trades.
Besides, the S&P BSE
consumer durables index augmented by 369.36 points, followed by the capital goods index, which surged by 259.51 points, and the automobile index, which rose by 241.77 points.
