Nifty tests 9,900-level, Sensex breaches 32,000-mark for the first time amid hopes of rate cut by RBI

Stay tuned here for latest updates on of Indian markets, including BSE Sensex, NSE Nifty, Indian rupee and MCX gold.

13 July 2017

15:46 IST

Sensex zooms 232.56 points to close at new peak of 32,037.38; Nifty ends at record 9,891.70, up 75.60 points.

14:14 IST

Nifty approaches 9,900-mark for the first time

13:59 IST

Top gainers at NSE

ITC+ 3.07%,  Yes Bank +3.01%, Indiabulls Housing Finance +2.06%, ICICI Bank +1.85%, HDFC+1.45%

13:55 IST

Performance of sectoral indices: Nifty FMCG up +1.92%, Nifty private banks up +1.05%, Nifty fin service up +1.02%

13:48 IST

Markets at day's high. Sensex hits intra-day peak of 32,070.18. Nifty too hits intra-day high of 9,889.65, up over 73 points.

11:20 IST

Gold prices were trading up by Rs 63 to Rs 27,914 per 10 grams in futures trade as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange (MCX), gold for delivery in August shot up by Rs 63, or 0.23 percent, to Rs 27,914 per 10 grams.

11:00 IST

Both Sensex and Nifty strengthened their rally. The 30-share index surged by 237.42 points or 0.75 percent to 32,042.24 after earlier hitting a new intraday record high of 32,046.57

The 50-share NSE Nifty too rose by 69.05 points or 0.70 percent to 9,885.15. It touched an intra—day record high of 9,886.20.

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10:13 IST

The stock of the largest IT exporter TCS was trading 0.65 percent higher ahead of its earnings today.

10:11 IST

All the sectoral indices, led by FMCG, capital goods, power, metal, banking and auto, were trading in the positive zone amid renewed hopes of a rate cut by the Reserve Bank at its policy meet next month after retail inflation hit a historically low level of 1.54 percent in June and industrial output growth slumped to 1.7 percent in May.

09:59 IST

Gold prices rose today after US Federal Reserve Chair Janet Yellen said the central bank would only gradually tighten monetary policy, curbing speculation that interest rates would rise more than once this year.

Spot gold rose 0.3 percent to USD 1,223.11 per ounce. US gold futures for August delivery rose 0.3 percent to USD 1,222.60 per ounce.

09:54 IST

The rupee strengthened 15 paise to 64.39 against USD, backed up by record-shattering stocks, as foreign capital stayed on an upward trajectory.

09:33 IST

Major gainers on NSE - L&T, Axis Bank, ICICI Bank, ITC, Indiabulls Housing Finance

09:23 IST

The BSE Sensex last quoted higher by 222.83 points or 0.70 percent at 32,027.65 after moving in range of 32031.93-31892.63. The NSE Nifty also quoted up by 59.90 points or 0.61 percent at 9,876 after making a high and low of 9,881.25 and 9,853.45 in intra-day trade earlier.

09:22 IST

Sensex breaches 32,000-mark for the first time; Nifty breaks into a new high of 9,881.25

08:59 IST

The BSE Sensex and the NSE Nifty likely to open on firm note today in line with global markets.

08:59 IST

Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere.

Japan`s Nikkei firmed 0.4 percent and Australia`s main index jumped 1 percent.

On Wall Street, the Dow rose 0.57 percent, while the S&P 500 gained 0.73 percent and the Nasdaq 1.10 percent. The rate-sensitive S&P 500 real estate index jumped 1.3 percent, its biggest gain in about four months.

Equities were underpinned by a drop in bond yields as Yellen sounded cautious on inflation and noted the Fed would not need to raise rates "all that much further" to reach current low estimates of the neutral funds rate.