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BREAKING NEWS

Nifty closes above 10k, equity markets at new peak (Second Lead)

26 Jul 2017

Mumbai July 26 (IANS) Indian equity markets on Wednesday provisionally closed at a record high with the benchmark index NSE Nifty settling firmly above the 10 000-mark for the first time.



Expectations of healthy quarterly results coupled with broadly positive global cues and intense buying activity witnessed in banking metal and automobile stocks lifted the key equity indices to new levels.

At 3.30 p.m. the wider Nifty of the National Stock Exchange (NSE) provisionally closed at 10 020.65 points -- up 56.10 points or 0.56 per cent from its previous session s close -- after it scaled a record intra-day high of 10 025.95 points.

The 30-scrip Sensitive Index (Sensex) of the BSE closed at a new high of 32 382.46 points -- up 154.19 points or 0.48 per cent -- from its previous close at 32 228.27 points.

The Sensex touched a fresh intra-day high of 32 413.63 points.

The BSE market breadth was bullish with 1 359 advances and 1 327 declines.

On Tuesday the NSE Nifty 50 climbed the 10 000-point-mark for the first time in its almost 22-year history but soon ceded its gains on the back of profit booking and expensive valuations and remained range-bound in the flat-to-positive zone.

--IANS
ppg/mr