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Stocks off from record highs; Coal India, ITC advance

Press Trust of India  |  Mumbai 

The benchmark retreated from record high level to trade higher by 74 points in late morning trade on bouts of buying in key frontline of energy, telecom, consumer durables and amid higher Asian cues.

Earlier, the hit a fresh record high of 34,487.52 while touched life-time high of 10,659.15 on smart gains in Coal India, Tata Motors, and

Coal touched a day's high of Rs 310 before trading at Rs 304.40, up by 5.75 per cent, after it raised prices of non-coking fuel.

The scrip attracted a lot of investors as over 11 lakh were traded on while the trading volume on was over 2 crore in morning session.

Caution crept ahead of earning of index heavyweights.

Profit-booking was seen in IT and sectors. and fell up to 1 per cent while Bajaj Auto, and Maruti dropped up to 0.80 per cent in morning trade.

The 30-share was trading higher by 74.68, or 0.22 per cent, at 34,427.47 at 1100hrs.

The broader of the was trading marginally higher by 7.50 points, or 0.07 per cent at 10,631.10.

Major gainers were Coal 6.22 per cent, Tatamtrdvr 1.81 per cent, 1.75 per cent, 1.49 per cent and 1.47 per cent.

Foreign portfolio investors (FPIs) net bought worth Rs 692.83 crore while domestic institutional investors (DIIs) sold equities to the tune of Rs 206.30 crore, provisional data showed.

Asian markets were trading higher as investors in the region digested earnings guidance from tech heavyweight and kept an eye on ongoing inter- talks.

-- Rupee up 3 paise against US dollar --


The rupee is trading up by 3 paise to 63.48 per dollar in late morning deals against the American currency on sustained bouts of dollar selling by exporters and banks amid higher local equities.

The rupee opened higher at 63.48 per dollar from yesterday's closing level of 63.51 at the inter-bank foreign exchange market today.

The Indian unit hovered between a high of 63.45 and low 63.53 during morning trade, before it was quoting at its opening level of 63.48 per dollar at 1030 hrs.

The US dollar was trading subdued against its major rivals in early Asian trade, as yen jumped after the Bank of Japan trimmed its buying of long-dated bonds in market operations.

-- Rupee up 3 paise against US dollar --

The rupee is trading up by 3 paise to 63.48 per dollar in late morning deals against the American currency on sustained bouts of dollar selling by exporters and banks amid higher local equities.

The rupee opened higher at 63.48 per dollar from yesterday's closing level of 63.51 at the inter-bank foreign exchange market today.

The Indian unit hovered between a high of 63.45 and low 63.53 during morning trade, before it was quoting at its opening level of 63.48 per dollar at 1030 hrs.

The US dollar mostly trading subdued against its major rivals in early Asian trade, while yen jumped after the Bank of Japan trimmed its buying of long-dated bonds in market operations, helping to stoke speculation about a future exit from its massive stimulus policy.

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

First Published: Tue, January 09 2018. 12:10 IST
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