In a first, Sensex hits 32,000, Nifty nears 9900 as markets open at record high

Gains were capped due to investors' reluctance to further invest in expensive market conditions and caution over the upcoming macro-economic inflation and industrial production data points
Sensex hits 32,000, Nifty nears 9900 as markets... Source: PTI
Edited by: India TV Business Desk Mumbai 13 Jul 2017, 10:18 AM IST

Extending its record breaking tally on Thursday, the Sensex surged over 200 points to trade above the 32,000-mark for the first time while the National Stock Exchange (NSE) benchmark Nifty added over 65 points to 9,881 after government data showed that inflation for the month of June fell to a record low of 1.54 per cent. 

A positive lead from Asia after US Federal Reserve chief indicated a gradual approach to raising US interest rates made investors here go in for fresh bets.

The 30-share index zoomed 215.60 points, or 0.67 per cent, to hit a new peak of 32,020.42, surpassing previous intra-day record of 31,885.11 reached on July 11.

The gauge had rallied 444.18 points in the previous three sessions.

According to market observers, gains were capped due to investors' reluctance to further invest in expensive market conditions and caution over the upcoming macro-economic inflation and industrial production data points.

In morning trade, ITC, ICICI Bank and NTPC were the major gainers while Infratel, Indian Oil and IndusInd Bank were losing.

The Sensex was up by 57.73 points or 0.18 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 31,865.69 points and a low of 31,731.43 points. 

The Nifty too, was up by 30.05 points or 0.31 per cent.

On Thursday, Asian indices were mostly showing a positive trend. Japan's Nikkei 225 was trading in red, down by 0.05 per cent, Hang Seng was up by 1.10 per cent, while South Korea's Kospi was also up by 1.11 per cent.

 

China's Shanghai Composite index was quoting in green, up by 0.34 per cent.

Nasdaq closed in green, up by 1.08 per cent while FTSE 100 was also up by 1.18 per cent at the closing on Wednesday.

 

 
   
 

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