Sensex, Nifty Hit Record Highs

07 April, 2017, 02:31 | Author: Rachel Hardy
  • Sensex, Nifty Hit Record Highs

The 30-share BSE Sensex was down 117.91 points at 29,856.33 and the 50-share NSE Nifty fell 36.60 points to 9,228.55.

The Sensex touched a high of 29,954.25 points and a low of 29,817.59 points during the intra-day trade.

Buying in energy 1.20 per cent, realty 0.91 per cent, media 0.65 per cent, commodities 0.58 per cent, metal 0.28 per cent and IT 0.26 per cent capped the losses.

According to market observers, gains could have been higher had it not been for the monetary policy to be announced tomorrow.

The RBI left the short-term lending rate or repo rate unchanged at 6.25 per cent, and the cash reserve ratio static at 4 per cent.

Pakistans Misbah-ul-Haq announces retirement from international cricket
The redoubtable cricketer played 39 Twenty20 Internationals, compiling 788 runs at an average of 37.52. He also inspired Pakistan to the top of the ICC Test team rankings for the first time in history.

HDFC Securities said, "Indian equity markets are likely to open on a flat to negative note following Asian cues". "With no major surprises from RBI, markets stabilised, but will await the NPA resolution measures that are widely expected shortly".

"Q4 numbers should take centre-stage from here on, but global cues could also hold sway in the coming days, specially with US markets beginning to show vulnerability ahead of (US) NFP (non-farm payroll) jobs data".

Meanwhile, the rupee staged a stellar comeback after a brief pause and hit 17-month peak of 64.87 by gaining 16 paise against the U.S. dollar on heavy selling of the American currency by banks and exporters.

The 30-share BSE Sensex, which resumed its uptrend after a day's gap, opened at 29996.03 and surpassed the psychological level for the first time since March 4, 2015 to hit a high of 30,007.48. FMCG and Telecom indices declined 0.8 per cent and 0.6 per cent respectively.

Bucking the trend, stocks of Bajaj Auto, Infosys, Axis Bank, Tata Motors, GAIL, NTPC and NTPC were trending higher by up to 1.55 per cent as investors engaged in widening their bets.

Recommended:

  • More Men Have HPV Than Women, New Report Says

    More Men Have HPV Than Women, New Report Says

    The study was conducted using Gardasil 9, a version of the vaccine approved by the Food and Drug Administration in late 2014. The publication manifested that when adding all types of HPV cases, the percentage of affected adults rose to 43 percent.
    Pentagon responds to criticism over civilian deaths in Mosul

    Pentagon responds to criticism over civilian deaths in Mosul

    Iraqi forces are fighting ISIL in western Mosul , where some 2,000 fighters are launching fierce counter-attacks. About the video evidence he said: "What you see now is not the use of civilians as human shields".
    How To Get The Windows 10 Creators Update Early

    How To Get The Windows 10 Creators Update Early

    If you're enrolled in the Insider program, the necessary ISO files are available via Microsoft's Software Download website . Getting access to Beam is as easy as launching the new Guide, which is at the heart of this major Xbox One update.
  • Microsoft 'maybe' working on new Windows 10 Device with Dual Display

    Microsoft 'maybe' working on new Windows 10 Device with Dual Display

    KB4106250 is a cumulative update for Windows 10 that brings the build number of the Creators Update to 15063.11. It may take some weeks, however, before the update arrives on your machine.
    Hottest morning of season recorded in Delhi at 23.7 degrees Celsius

    Hottest morning of season recorded in Delhi at 23.7 degrees Celsius

    Image: Young girls cover their faces to protect themselves from scorching heat on a hot day in New Delhi on Sunday. The weather conditions will remain the same and temperatures will continue to settle way above the 40-degree mark.

    Luke Bryan brings politics to ACM Awards

    If you're a fan of this genre, it's hard to imagine you wanting to do anything other than watching this show live. The artist that is most likely to cry at this award show, according to readers, is newcomer Kelsea Ballerini .
  • Homeowner fatally shoots intruder

    Homeowner fatally shoots intruder

    A homeowner is facing a second degree murder charge after shooting an intruder he found showering in a bathroom Saturday. Travis Adams. "The story is not quite as simple as homeowner shoots intruder", Dorsey said.
    Elon Musk's SpaceX wants to try recycling more of Falcon 9 rocket

    Elon Musk's SpaceX wants to try recycling more of Falcon 9 rocket

    SpaceX is developing a viable commercial launch ability, but Musk has not been shy about his ultimate goal of colonizing Mars. Jeff Bezos, the founder of online giant, Amazon, is also in space race with endless experiments with new form of rockets.
    Judge approves Donald Trump University payout

    Judge approves Donald Trump University payout

    Then, in early 2016, then-candidate Trump suggested that Judge Curiel could be biased against him because of his Mexican heritage. Simpson said she only remained in the class through an opt-out deadline because she believed Trump when he vowed never to settle.
  • Obama aide says intel not used to spy on Trump advisers

    Devin Nunes' revelation that Trump associates had been incidentally swept up in US surveillance of foreign targets and unmasked. It is one of the big stories of our time ", he said without providing any evidence supporting the allegations against Rice.
    Patrick Ewing's son won't be on Georgetown staff because of 'nepotism clause'

    Patrick Ewing's son won't be on Georgetown staff because of 'nepotism clause'

    Besides Cartwright, who got all of two seasons with the rebuilding Bulls, there haven't been many centers given chances at all. Mullin emphasized the importance of a strong coaching staff, primarily recruiters who know the local landscape.

    Matt and Jeff Hardy React to WWE WrestleMania 33 Return

    The Hardys and Impact Wrestling are locked in a legal dispute over who owns the creative rights to the gimmick. In their first match back in seven years, the Hardy Boyz were able to capture the belts from atop the ladder.


Popular

Plug Power and Amazon Find Common Ground, Ballard Power Systems Benefits
The difference between the expected and actual EPS was $-0.02/share, which represents an Earnings surprise of -33.3%. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company.

Federal judge blocks Indiana abortion ultrasound measure
He works as an Online Marketing Consultant for, providing web marketing services for clients in Albany , Goldsboro . A federal judge says he will issue a preliminary injunction to block Missouri's abortion-restricting rules.

Jungle Book redux: 8-year-old girl found living with monkeys
Authorities were eventually able to convince her to come with them, and she has been recuperating in a local hospital ever since. The girl was spotted by sub-inspector Suresh Yadav when he was on a routine patrol about two months ago.

As Supreme Court clash nears, senator ends all-night speech
This is a number Majority Leader Mitch McConnell (R-Ky.) can and will muster. "293 days without a fair hearing or vote". That's what it means to claim to oppose Gorsuch because of what Republicans did to Obama's selection.

Marchers demand equality on anniversary of MLK's death
King, known for promoting non-violent civil disobedience to help advance the civil rights movement, was assassinated in 1968. William Barber each talked about how King's fight for economic and racial equality and social justice is far from over.

Florham Park Cracks Down on Distracted Driving
Officers liken it to the kind of DUI checkpoints drivers often see, citing distracted driving as a quality of life concern. While driving to work or driving to school you may want to put the cell phone down before you get behind the wheel.

Viewer E-Mail Loses Florida Golfer her First Major
Asked about dealing with the memories of past year , the world No 6 added: "It will surely be there and it has been". Thompson birdied the par-4, 387-yard 15th hole to retake the lead before giving it back a hole later with a bogey.

Treasuries rally, yield curve steepens on Fed balance sheet plan
The Fed's decision to boost its key policy rate by a quarter-point left it in a range of 0.75 percent to 1 percent. The Fed's dual mandates are to achieve maximum employment and moderate inflation.

Future Of Internet Privacy In Trump's Hands
It's just allowing internet providers to compete with the other firms who are already selling your data anyway". It would be hard for a new ISP privacy bill to pass in the Republican-controlled Congress, however.

Six DU colleges among India's top 10 in HRD ministry's ranking
Seven Indian Institutes of Technology (IITs) have also made it to the list of the top 10 educational institutions. Four lists were released previous year - Universities, Engineering , Management and Pharmacy Institutions.