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Sensex surges to record high in late morning trade

Press Trust of India  |  Mumbai 

Benchmark scaled a fresh lifetime high of 30,712 in late morning trade today on sustained buying in FMCG, realty, telecom, power and metal counters.

Sentiment was also bolstered by the progress on the front, with the Council finalising rates for most goods.



The Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent.

The resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent.

The 50-share was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs.

Major gainers were 5.02 per cent, HUL 2.38 per cent, 1.83 per cent, 1.66 per cent, Power Grid 1.51 per cent, 1.47 per cent, Coal 1.46 per cent and 1.17 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold worth a net Rs 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought worth a net Rs 897.96 crore.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

US stocks closed higher yesterday, following the previous session's brutal sell-off, as positive data offered a glimmer of optimism.

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

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Sensex surges to record high in late morning trade

Benchmark Sensex scaled a fresh lifetime high of 30,712 in late morning trade today on sustained buying in FMCG, realty, telecom, power and metal counters. Sentiment was also bolstered by the progress on the GST front, with the GST Council finalising rates for most goods. The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent. The Sensex resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent. The NSE 50-share Nifty was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs. Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional ... Benchmark scaled a fresh lifetime high of 30,712 in late morning trade today on sustained buying in FMCG, realty, telecom, power and metal counters.

Sentiment was also bolstered by the progress on the front, with the Council finalising rates for most goods.

The Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent.

The resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent.

The 50-share was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs.

Major gainers were 5.02 per cent, HUL 2.38 per cent, 1.83 per cent, 1.66 per cent, Power Grid 1.51 per cent, 1.47 per cent, Coal 1.46 per cent and 1.17 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold worth a net Rs 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought worth a net Rs 897.96 crore.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

US stocks closed higher yesterday, following the previous session's brutal sell-off, as positive data offered a glimmer of optimism.

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

image
Business Standard
177 22

Sensex surges to record high in late morning trade

Benchmark scaled a fresh lifetime high of 30,712 in late morning trade today on sustained buying in FMCG, realty, telecom, power and metal counters.

Sentiment was also bolstered by the progress on the front, with the Council finalising rates for most goods.

The Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent.

The resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent.

The 50-share was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs.

Major gainers were 5.02 per cent, HUL 2.38 per cent, 1.83 per cent, 1.66 per cent, Power Grid 1.51 per cent, 1.47 per cent, Coal 1.46 per cent and 1.17 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold worth a net Rs 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought worth a net Rs 897.96 crore.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

US stocks closed higher yesterday, following the previous session's brutal sell-off, as positive data offered a glimmer of optimism.

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

image
Business Standard
177 22