July 26, 2017

Sensex, Nifty continues to close at lifetime high

12 May 2017, 01:27 | Candice Butler

Positive global cues, strong rupee buoy Indian equities

Sensex gains 78 pts on Asian cues; Nifty tops 9300

Earlier, the IMD had predicted 96 per cent of the annual average of rains.

HCL Technologies gained half a percent after its Q4 profit beat analysts' estimates.

It surpassed its previous all-time closing high of 30,248.17 reached Wednesday. The indices had hit record highs during intraday trade.

On similar lines, the NSE Nifty rose 42.70 points, or 0.46 per cent, at 9,359.55 in opening trade.

The scrip was down 0.27 per cent on the BSE Sensex.

The chief of the country's state-run India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition eased. "Earnings positivity has obviously been keeping markets buoyant and prospects of FII turning buyers in equities also kept markets push higher".

Does this leak prove Motorola is working on a new Android tablet?
The image also shows the navigation bar groups on-screen buttons to the left, and an app drawer icon to the right of the controls. However, it appears that the software takes a lot of inspiration from parent company Lenovo's tablets.

Mumbai: The benchmark Sensex today regained the 30,000-mark early on by surging over 76 points after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth net Rs 893.36 crore yesterday, as per provisional data from the stock exchanges.

The market price of 77 stocks from the BSE 500 and Smallcap indices have hit their respective 52-week highs today. In the fertiliser and chemicals space, shares of Rashtriya Chemicals and Fertilizers, Fertilisers and Chemicals Travancore (FACT), Madras Fertilizer and Chambal Fertilisers and Chemicals surged by up to 6.89 per cent.

Shares of Petronet LNG rose 4.4% intraday on strong Q4 numbers and bonus declaration. For Q4, the bank reported 12.5 percent rise in net profit at Rs 108 crore on a year-on-year basis, helped by write-back of excess provisions of income tax. The stock ended 1.2% higher.

Banking stocks extended gains on the latest empowerment of the RBI to tackle bad loans. The stocks rose by up to 1.49 per cent.

"Major Asian markets have all ended on a positive note, barring SET and Shanghai index". Also, the Nifty metal gained for third consecutive day. India VIX closed lower by 4.7% at 11.1 levels.

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