Nifty hits new records
The Nifty sets new records! With a sky high of 24 points, Nifty nails new records of 10,101 while Sensex railed over 100 points at the open today. We are emancipating strong corporate earnings and positive global developments.
Cut in rates
The Reserve Bank’s monetary policy meet tomorrow keeps participants upbeat, anticipating a cut in rates, traders said.
The Nifty rallied 23.95 points (0.23 per cent) to a new record high of 10,101.05, knocking down its previous intra-day high of 10,085.90 it touched yesterday. While the 30-share Sensex too gained 100.51 points, or 0.30 per cent, to 32,615.45. The gauge had risen 205.06 points in the previous session to close at an all-time high of 32,514.94.
Helping the broader Nifty to trade at new life high, Hero MotoCorp, Wipro, Adani Ports, Bharti Airtel and Hindustan Unilever were among the prominent gainers.
Rising up to 0.99 per cent, sectoral indices metal, auto, IT, realty, healthcare and consumer durables were in the positive space, witnessing sheer optimism.
A steady trend followed in the rest of Asia with a record close on Wall Street to the forward movement. Hong Kong’s Hang Seng advanced 0.48 per cent while Japan’s Nikkei gained 0.17 per cent in early trade today. Shanghai Composite rose 0.42 per cent.
The US Dow Jones Industrial Average ended 0.28 per cent higher yesterday.