Afternoon D & C Dedicated To Mumbai
Home > Business > Sensex crosses 32K, Nifty at kissing distance from 9900

Sensex crosses 32K, Nifty at kissing distance from 9900

Friday, July 14, 2017

The Sensex yesterday 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.

The 30-share BSE index took 33 sessions to rise 1,000 points before it finally went beyond the psychologically significant 32,000. Higher Asian and European stocks provided fodder after the US Fed chief, in a House testimony, signalled that the approach to higher rates will be steady, prompting investors here to buy more.

Retail inflation for June hit a historically low 1.54% and industrial output growth for May slumped to 1.7%, boosting chances of a rate reduction by the Reserve Bank at its upcoming August policy meet. The macro numbers were released after market hours on Wednesday.

The BSE Sensex settled at a new peak of 32,037.38, up 232.56 points, or 0.73%. It surpassed its previous record of 31,804.82 touched on Wednesday. In past four days, the index had gained 676.75 points.

The broader 50-issue NSE Nifty spurted 75.60 points, or 0.77%, to close at fresh lifetime high of 9,891.70, bettering its earlier record 9,816.10 hit yesterday. Both indices rose for the fourth consecutive session.

M-cap of BSE-listed cos at record high of over Rs 130 lakh cr
Total market valuation of all listed companies on BSE rose to a lifetime high of over Rs 130 lakh crore today as the Sensex went past the 32,000-mark for the first time ever by gaining 232 points. At close of trade today, market capitalisation (m-cap) of BSE listed firms surged to Rs 1,30,91,755 crore (over USD 2 trillion). There are over 5,200 companies listed on BSE, of which 2,885 are actively traded.

No Comments Posted
City news
BJP, Sena celebrate Gudi Padwa with ugly fight ...
Launching a frontal attack on Prime Minister Nare
The anti-encroachment department of (TMC) Thane M
My sex organ becomes hard very often nowadays and
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Stick to routine work where there are better chances of good profits. A quick turnover in finances will make you look for new areas of investment. It is not a time to bring about any changes. Build assets through saving for the long term. With certain developments in your life today you will be content. Your mate will be happy for your chance to live your dreams for real and share them.
- Advertising -
Global events will be crucial in deciding the tre
Demonetised Rs 500 and Rs 1,000 notes, which have
As the electric vehicle markets stand on the brin
Read More