SENSEX @ 32K

The Sensex today went past the 32,000-mark for the first time ever soaring over 232 points and the Nifty closed at a new peak 9,892 as inflation hit a record low, offering the RBI leeway for a lower policy rate. Both indices rose for the fourth consecutive session. The 30-share BSE index took 33 sessions to rise 1,000 points before it finally went beyond the psychologically significant 32,000.
Retail inflation for June hit a historically low 1.54 per cent and industrial output growth for May slumped to 1.7 per cent, boosting chances of a rate reduction by the Reserve Bank at its upcoming August policy meet. The macro numbers were released after market hours yesterday.
- The BSE Sensex settled at a new peak of 32,037.38, up 232.56 points, or 0.73 per cent. It surpassed its previous record of 31,804.82 touched yesterday. In past four days, the index had gained 676.75 points.
- The broader 50-issue NSE Nifty spurted 75.60 points, or 0.77 per cent, to close at fresh lifetime high of 9,891.70, bettering its earlier record 9,816.10 hit yesterday.
- ITC emerged as the top gainer by rising 3.03 per cent. Bharti Airtel, ICICI Bank and Sun Pharma rose up to 1.84 per cent.

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

STOCK MARKET WELCOME NEW YEAR WITH LOSS

NIFTY EARNINGS FLAT IN 2018