Sensex, Nifty end at fresh record closing high
RELATED VIDEO
Infosys Ltd.
BSE
3734.60
123.05(3.41%)
Vol: 106114 shares traded
NSE
3734.25
120.50(3.33%)
Vol: 1482195 shares traded
NEW DELHI: The benchmark indices continued with their record-breaking rally for the ninth straight session on Wednesday, buoyed by media reports of Russia-Ukraine ceasefire.
The S&P BSE Sensex rallied nearly 206 points in trade to hit its fresh record high of 27,225.85, while the Nifty rose nearly 59 points in trade to hit its fresh life high of 8,141.90.
The 30-share index closed at 27,139.94, up 120.55 points or 0.45 per cent. It touched a fresh record high of 27,225.85 and a low of 27,067.02 in trade today.
The Nifty ended at 8,111.50 up 28.45 points or 0.35 per cent. It touched an intraday high of 8,141.90 and a low of 8,092.25 in trade today.
The rally in BSE Sensex was led by Coal IndiaBSE 3.40 %, Infosys, Bharti AirtelBSE 2.87 % and Wipro. Among the sectoral indices, BSE IT was the top gainer followed by BSE Realty and BSE Metal.
The market capitalisation of the BSE hit an all time of Rs 94,98,164 crore.
The office of Ukrainian president Petro Poroshenko said he and Russian President Vladimir Putin have reached an agreement on a ceasefire in eastern Ukraine, AP reported.
The brief statement today gave no details and there was no immediate reaction from the Russia-backed separatists whom Ukrainian forces have been fighting since April, the report added.
The rally in the indices was also fuelled by strong inflows of foreign funds on encouraging GDP data for the April-June quarter and narrowing CAD.
India's economy expanded at its fastest pace in more than two years in the April-June quarter. India's GDP grew at 5.7 per cent in the first quarter of 2014-15, exceeding expectations.
The current-account deficit - which mainly indicates that imports are in excess of exports - was 1.7% of gross domestic product at $7.8 billion in the fiscal first quarter.
It was 4.8% of GDP a year earlier, but just 0.2% in the January-March quarter. Strong dollar inflows ensured that India's balance of payment was in surplus in the April-June period.
"Ceasefires happen where there is war. There was only drama in the last two months. So, I do not know what ceasefire we are talking about. The markets will keep on going up because they knew finally this will happen. Now consolidation will happen at 8100, 8200, 8500, 8800, that is part of the game," said Ashwani Gujral.
"You should hang on to your long positions because right now, there is not enough evidence that this current rally is ending. As I have been saying that I am not very impressed with this rally, 30-40 points hardly during the day," he added.
IT stocks, led by TCS, were in the limelight on fresh spell of buying after bullish US manufacturing and construction data. TCS, InfosysBSE 3.41 % and Wipro rose between 2.45 per cent and 3.4 per cent.
Half of the 30 Sensex stocks closed with gains while the rest ended lower.
Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 672.81 crore yesterday as per provisional data from the stock exchanges.
The S&P BSE Sensex rallied nearly 206 points in trade to hit its fresh record high of 27,225.85, while the Nifty rose nearly 59 points in trade to hit its fresh life high of 8,141.90.
The 30-share index closed at 27,139.94, up 120.55 points or 0.45 per cent. It touched a fresh record high of 27,225.85 and a low of 27,067.02 in trade today.
The Nifty ended at 8,111.50 up 28.45 points or 0.35 per cent. It touched an intraday high of 8,141.90 and a low of 8,092.25 in trade today.
The rally in BSE Sensex was led by Coal IndiaBSE 3.40 %, Infosys, Bharti AirtelBSE 2.87 % and Wipro. Among the sectoral indices, BSE IT was the top gainer followed by BSE Realty and BSE Metal.
The market capitalisation of the BSE hit an all time of Rs 94,98,164 crore.
The office of Ukrainian president Petro Poroshenko said he and Russian President Vladimir Putin have reached an agreement on a ceasefire in eastern Ukraine, AP reported.
The brief statement today gave no details and there was no immediate reaction from the Russia-backed separatists whom Ukrainian forces have been fighting since April, the report added.
The rally in the indices was also fuelled by strong inflows of foreign funds on encouraging GDP data for the April-June quarter and narrowing CAD.
India's economy expanded at its fastest pace in more than two years in the April-June quarter. India's GDP grew at 5.7 per cent in the first quarter of 2014-15, exceeding expectations.
The current-account deficit - which mainly indicates that imports are in excess of exports - was 1.7% of gross domestic product at $7.8 billion in the fiscal first quarter.
It was 4.8% of GDP a year earlier, but just 0.2% in the January-March quarter. Strong dollar inflows ensured that India's balance of payment was in surplus in the April-June period.
"Ceasefires happen where there is war. There was only drama in the last two months. So, I do not know what ceasefire we are talking about. The markets will keep on going up because they knew finally this will happen. Now consolidation will happen at 8100, 8200, 8500, 8800, that is part of the game," said Ashwani Gujral.
"You should hang on to your long positions because right now, there is not enough evidence that this current rally is ending. As I have been saying that I am not very impressed with this rally, 30-40 points hardly during the day," he added.
IT stocks, led by TCS, were in the limelight on fresh spell of buying after bullish US manufacturing and construction data. TCS, InfosysBSE 3.41 % and Wipro rose between 2.45 per cent and 3.4 per cent.
Half of the 30 Sensex stocks closed with gains while the rest ended lower.
Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 672.81 crore yesterday as per provisional data from the stock exchanges.
No comments:
Post a Comment