- News>
Nifty closes above 10,000-mark for first time ever; Sensex at an all-time closing high of 32,382
Stay tuned here for latest updates on Indian markets, including BSE Sensex, NSE Nifty, Indian rupee and MCX gold.
Latest Updates
Reliance Industries rose by 1.16 percent while ITC and ICICI Bank zoomed up to 2 percent, lifting the indices to all time high levels.
HDFC bank, Hindustan Unilever, Sun Pharma, Cipla, Tata Steel, Mahindra and Mahindra were also among the major movers with gains of up to 2.22 percent.
The rally in domestic stocks mirrored strong gains in global markets on positive data from Europe and the United States.
The broader 51-scrip Nifty of the National Stock Exchange (NSE) rose as much as 56.10 points or 0.56 percent to end above 10,000 points for the first time ever, extending a recent record-setting rally after positive quarterly results lifted sentiment.
Nifty ended at 10,020.65, while the benchmark BSE index closed 0.48 percent higher at an all-time closing high of 32,382.46.
It touched record intra-day high of 32,413.63 during the trade as investors flocked to bluechips ahead of expiry of derivatives contracts for July on Thursday.
The broader Nifty rose as much as 42.40 points or 0.43 percent to 10,006.95 while the benchmark BSE Sensex rose 123.42 points or 0.38 percent to 32,351.69.
Market was trading higher as Nifty has reclaimed the 10000-level in the afternoon trade.
Shares of Axis Bank fell by nearly 3 percent after the company reported 16 percent decline in net profit for the first quarter ended June 30.
The scrip went down by 2.46 percent to Rs 531.20 on BSE.
At NSE, shares of the company slipped 2.66 percent to Rs 530.40.
Shares of Bharti Airtel fell by over 1 percent after the company reported its smallest profit in 18 quarters as the price war triggered by newcomer Reliance Jio led to a massive 75 percent fall in its April- June earnings.
Even after a positive opening, shares of the company failed to hold on to the gains and later dipped 1.39 percent to Rs 421.65 on BSE.
At NSE, shares of the company fell by 1.41 percent to Rs 421.75.
Shares of two-wheeler market leader, Hero MotoCorp surged 0.28 percent to Rs 3,717.20 after the company yesterday reported a 3.5 percent increase in its profit after tax at Rs 914.04 crore for the first quarter ended June.
Other gainers were Tata Steel, M&M, ITC Ltd, NTPC, Sun Pharma, Adani Ports, ICICI Bank, Power Grid, Cipla, Lupin, Kotak Bank, Tata Motors and Reliance Industries, rising by up to 1.43 percent.
Sensex had shed 17.60 points in the previous session after investors booked profits at record levels. All sectoral indices led by metal, power, FMCG and auto were in the green, adding up to 1.19 percent.
Abhinav Mukund and Shikhar Dhawan are out in the middle to start proceedings.
The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald`s and Caterpillar and gains for bank shares.
The Nasdaq also managed to set a record high despite declines in Google parent Alphabet after its results. Alphabet shares ended down 2.9 percent.
Meanwhile, Asian stocks steadied on Wednesday and the dollar held firm as investors awaited the Federal Reserve`s policy decision later in the day for more clues on its tightening plans.
The Fed concludes a two-day meeting later on Wednesday, and is widely expected to keep interest rates unchanged.
The rupee fell by 5 paise to 64.43 against the US dollar in early trade due to increased demand for the American currency from importers.
The benchmark BSE Sensex rose 49.58 points, or 0.15 percent, to 32,277.85 in early trade on Wednesday.
On the other hand, the broader 51-scrip Nifty of the National Stock Exchange (NSE) opened at 9,983.65 points after closing at 9,964.55 points on Tuesday. It had breached the historic 10,000-mark for the first time in intra-day trade yesterday.
Stay tuned here for latest updates on Indian markets, including BSE Sensex, NSE Nifty, Indian rupee and MCX gold.