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Markets hit a hat-trick, scale fresh peaks

Press Trust of India  |  Mumbai 

Benchmarks and finished at lifetime highs for the third day in a row today on robust buying momentum triggered by the early onset of monsoon and upbeat quarterly earnings.

The 30-share rose 76.17 points, or 0.25 per cent to end at 30,658.77, while the broader finished at 9,525.75, up 13.50 points, or 0.14 per cent.



Persistent buying and foreign fund inflows offset the impact of global volatility sparked by US President Donald Trump's unexpected firing of the FBI chief, brokers said.

Continuing its upmove for the third straight session, the 30-share zoomed to yet another intra-day record of 30,692.45, but slipped briefly on profit booking to touch 30,519.14.

It finally ended 76.17 points, or 0.25 per cent higher at 30,658.77, surpassing its previous record close of 30,582.60 hit yesterday.

The gauge has now gained 470.62 points in three consecutive sessions.

On similar lines, the broader surged to a fresh intra-day peak of 9,532.60, before ending at 9,525.75, up 13.50 points, or 0.14 per cent.

The index overtook its previous lifetime high of 9,512.25 hit yesterday.

"Market continued to set new highs but lacked strength on the upside due to worries about US political turmoil.

"Investors are gearing up for the two-day GST council meet beginning tomorrow for getting clarity on rates... continued buying from FIIs and announcement of good quarterly results is keeping a positive vibe in the market," said Vinod Nair, Head of Research, Geojit Financial Services.

Continuing their purchasing spree, foreign portfolio investors (FPIs) bought shares worth a net Rs 858.29 crore yesterday, as per provisional data from the stock exchanges.

In Asia, Hong Kong's Hang Seng fell 0.17 per cent, Japan's Nikkei shed 0.53 per cent, while Shanghai Composite finished 0.27 per cent lower.

London's FTSE fell from its record closing due to political uncertainty in the US.

In the Eurozone, Frankfurt's DAX slid 0.80 per cent while the Paris CAC 40 lost 0.6 per cent in early deals.

Back home, Tata Steel soared almost 8 per cent after the company reported narrowing of its net loss for the March quarter.

A total of 17 shares in the 30-share pack ended higher.

Major gainers were Tata Steel 7.95 per cent, Tata Motors 2.82 per cent, ICICI Bank 2.35 per cent, TCS 0.99 per cent, Asian Paints 0.88 per cent, M&M 0.86 per cent, HUL 0.82 per cent, L&T 0.59 per cent, Hero Motoco 0.58 per cent and Lupin 0.51 per cent.

However, Wipro fell by 1.70 per cent followed by Adani Ports 1.40 per cent, Cipla 0.94 per cent, HDFC 0.89 per cent, ITC 0.56 per cent, Gail 0.56 per cent and ONGC 0.54 per cent.

Among sectoral indices, metal rose 2.37 per cent followed by telecom 0.89 per cent, auto 0.57 per cent, industrials 0.32 per cent and capital goods 0.22 per cent.

Consumer durables lost 0.76 per cent, oil&gas 0.37 per cent, healthcare 0.30 per cent, energy 0.25 per cent and IT 0.22 per cent.

The S&P Mid-Cap index was off 0.02 per cent while the Small-Cap index slipped 0.18 per cent. Both these indices underperformed the

The market breadth turned negative as 1,531 stocks ended lower, 1,269 closed higher while 172 ruled steady.

The total turnover on rose to Rs 6,808.38 crore, from Rs 4,985.91 crore registered during the previous trading session.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Markets hit a hat-trick, scale fresh peaks

Benchmarks Sensex and Nifty finished at lifetime highs for the third day in a row today on robust buying momentum triggered by the early onset of monsoon and upbeat quarterly earnings. The 30-share BSE Sensex rose 76.17 points, or 0.25 per cent to end at 30,658.77, while the broader Nifty finished at 9,525.75, up 13.50 points, or 0.14 per cent. Persistent buying and foreign fund inflows offset the impact of global volatility sparked by US President Donald Trump's unexpected firing of the FBI chief, brokers said. Continuing its upmove for the third straight session, the 30-share BSE Sensex zoomed to yet another intra-day record of 30,692.45, but slipped briefly on profit booking to touch 30,519.14. It finally ended 76.17 points, or 0.25 per cent higher at 30,658.77, surpassing its previous record close of 30,582.60 hit yesterday. The gauge has now gained 470.62 points in three consecutive sessions. On similar lines, the broader NSE Nifty surged to a fresh intra-day peak of ... Benchmarks and finished at lifetime highs for the third day in a row today on robust buying momentum triggered by the early onset of monsoon and upbeat quarterly earnings.

The 30-share rose 76.17 points, or 0.25 per cent to end at 30,658.77, while the broader finished at 9,525.75, up 13.50 points, or 0.14 per cent.

Persistent buying and foreign fund inflows offset the impact of global volatility sparked by US President Donald Trump's unexpected firing of the FBI chief, brokers said.

Continuing its upmove for the third straight session, the 30-share zoomed to yet another intra-day record of 30,692.45, but slipped briefly on profit booking to touch 30,519.14.

It finally ended 76.17 points, or 0.25 per cent higher at 30,658.77, surpassing its previous record close of 30,582.60 hit yesterday.

The gauge has now gained 470.62 points in three consecutive sessions.

On similar lines, the broader surged to a fresh intra-day peak of 9,532.60, before ending at 9,525.75, up 13.50 points, or 0.14 per cent.

The index overtook its previous lifetime high of 9,512.25 hit yesterday.

"Market continued to set new highs but lacked strength on the upside due to worries about US political turmoil.

"Investors are gearing up for the two-day GST council meet beginning tomorrow for getting clarity on rates... continued buying from FIIs and announcement of good quarterly results is keeping a positive vibe in the market," said Vinod Nair, Head of Research, Geojit Financial Services.

Continuing their purchasing spree, foreign portfolio investors (FPIs) bought shares worth a net Rs 858.29 crore yesterday, as per provisional data from the stock exchanges.

In Asia, Hong Kong's Hang Seng fell 0.17 per cent, Japan's Nikkei shed 0.53 per cent, while Shanghai Composite finished 0.27 per cent lower.

London's FTSE fell from its record closing due to political uncertainty in the US.

In the Eurozone, Frankfurt's DAX slid 0.80 per cent while the Paris CAC 40 lost 0.6 per cent in early deals.

Back home, Tata Steel soared almost 8 per cent after the company reported narrowing of its net loss for the March quarter.

A total of 17 shares in the 30-share pack ended higher.

Major gainers were Tata Steel 7.95 per cent, Tata Motors 2.82 per cent, ICICI Bank 2.35 per cent, TCS 0.99 per cent, Asian Paints 0.88 per cent, M&M 0.86 per cent, HUL 0.82 per cent, L&T 0.59 per cent, Hero Motoco 0.58 per cent and Lupin 0.51 per cent.

However, Wipro fell by 1.70 per cent followed by Adani Ports 1.40 per cent, Cipla 0.94 per cent, HDFC 0.89 per cent, ITC 0.56 per cent, Gail 0.56 per cent and ONGC 0.54 per cent.

Among sectoral indices, metal rose 2.37 per cent followed by telecom 0.89 per cent, auto 0.57 per cent, industrials 0.32 per cent and capital goods 0.22 per cent.

Consumer durables lost 0.76 per cent, oil&gas 0.37 per cent, healthcare 0.30 per cent, energy 0.25 per cent and IT 0.22 per cent.

The S&P Mid-Cap index was off 0.02 per cent while the Small-Cap index slipped 0.18 per cent. Both these indices underperformed the

The market breadth turned negative as 1,531 stocks ended lower, 1,269 closed higher while 172 ruled steady.

The total turnover on rose to Rs 6,808.38 crore, from Rs 4,985.91 crore registered during the previous trading session.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
177 22

Markets hit a hat-trick, scale fresh peaks

Benchmarks and finished at lifetime highs for the third day in a row today on robust buying momentum triggered by the early onset of monsoon and upbeat quarterly earnings.

The 30-share rose 76.17 points, or 0.25 per cent to end at 30,658.77, while the broader finished at 9,525.75, up 13.50 points, or 0.14 per cent.

Persistent buying and foreign fund inflows offset the impact of global volatility sparked by US President Donald Trump's unexpected firing of the FBI chief, brokers said.

Continuing its upmove for the third straight session, the 30-share zoomed to yet another intra-day record of 30,692.45, but slipped briefly on profit booking to touch 30,519.14.

It finally ended 76.17 points, or 0.25 per cent higher at 30,658.77, surpassing its previous record close of 30,582.60 hit yesterday.

The gauge has now gained 470.62 points in three consecutive sessions.

On similar lines, the broader surged to a fresh intra-day peak of 9,532.60, before ending at 9,525.75, up 13.50 points, or 0.14 per cent.

The index overtook its previous lifetime high of 9,512.25 hit yesterday.

"Market continued to set new highs but lacked strength on the upside due to worries about US political turmoil.

"Investors are gearing up for the two-day GST council meet beginning tomorrow for getting clarity on rates... continued buying from FIIs and announcement of good quarterly results is keeping a positive vibe in the market," said Vinod Nair, Head of Research, Geojit Financial Services.

Continuing their purchasing spree, foreign portfolio investors (FPIs) bought shares worth a net Rs 858.29 crore yesterday, as per provisional data from the stock exchanges.

In Asia, Hong Kong's Hang Seng fell 0.17 per cent, Japan's Nikkei shed 0.53 per cent, while Shanghai Composite finished 0.27 per cent lower.

London's FTSE fell from its record closing due to political uncertainty in the US.

In the Eurozone, Frankfurt's DAX slid 0.80 per cent while the Paris CAC 40 lost 0.6 per cent in early deals.

Back home, Tata Steel soared almost 8 per cent after the company reported narrowing of its net loss for the March quarter.

A total of 17 shares in the 30-share pack ended higher.

Major gainers were Tata Steel 7.95 per cent, Tata Motors 2.82 per cent, ICICI Bank 2.35 per cent, TCS 0.99 per cent, Asian Paints 0.88 per cent, M&M 0.86 per cent, HUL 0.82 per cent, L&T 0.59 per cent, Hero Motoco 0.58 per cent and Lupin 0.51 per cent.

However, Wipro fell by 1.70 per cent followed by Adani Ports 1.40 per cent, Cipla 0.94 per cent, HDFC 0.89 per cent, ITC 0.56 per cent, Gail 0.56 per cent and ONGC 0.54 per cent.

Among sectoral indices, metal rose 2.37 per cent followed by telecom 0.89 per cent, auto 0.57 per cent, industrials 0.32 per cent and capital goods 0.22 per cent.

Consumer durables lost 0.76 per cent, oil&gas 0.37 per cent, healthcare 0.30 per cent, energy 0.25 per cent and IT 0.22 per cent.

The S&P Mid-Cap index was off 0.02 per cent while the Small-Cap index slipped 0.18 per cent. Both these indices underperformed the

The market breadth turned negative as 1,531 stocks ended lower, 1,269 closed higher while 172 ruled steady.

The total turnover on rose to Rs 6,808.38 crore, from Rs 4,985.91 crore registered during the previous trading session.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22