Markets open on a higher note, Sensex up over 200 points; Nifty reclaims 10,500 mark
IANS | February 08, 2018 10:14 ISTThe Sensitive Index (Sensex) of the BSE, which had closed at 34,082.71 points on Wednesday, opened higher at 34,208.11 points.
The Sensitive Index (Sensex) of the BSE, which had closed at 34,082.71 points on Wednesday, opened higher at 34,208.11 points.
The Sensex hit 34,000 for the first time and the Nifty 10,515 on the back of buying by funds in realty, metal and healthcare.
Taking a cue from global markets, the key Indian equity market indices opened higher on Tuesday after the extended Christmas weekend.
All exit polls on Thursday predicted a win for BJP in Gujarat and an end to Congress' rule in Himachal Pradesh.
The benchmark BSE Sensex fell further by 100 points in early trade today due to selling in interest-sensitive stocks ahead of RBI's policy announcement later in the day.
The 30-share Sensex soared to the day's high of 33,520.82, but profit-taking activity towards the end in heavyweights made the index settle at 33,342.80, up 235.98 points, or 0.71 per cent. The gauge had rallied 346 points in the previous session.
NSE benchmark Nifty shed 102 points on Tuesday to end at a one-week low of 10,350 on widespread profit booking amid fears of rising inflation due to a spurt in oil prices.
Nifty bolted past 10,400 for the first time and the Sensex hit yet another record 33,500 on the back of India's jump on Ease of Doing Business list.
Sensex and the broader Nifty today jumped to new life highs with encouraging quarterly earnings sending out a positive signal among investors.
Calcutta Stock Exchange (CSE), which had seen a halt in its trading activity since 2013, is seeking SEBI approval for setting up clearing corporation as a separate legal entity.
Sensex surrendered early gains to end over 194 points lower at 32,389.96 in a special Muhurat trading session today to mark the beginning of Hindu Samvat year 2074.
Bullion traders said increased buying by local jewellers, driven by Diwali festival demand in domestic spot markets, mainly led to rise in gold prices.
Nifty closed at a fresh lifetime high of 10,234.45 today while BSE Sensex closed the day at 32,609.16.
Sensex fell by 56.19 points to 32,577.45 in early trading, while Nifty slipped from record by falling 8.80 points to 10,222.05 after touching a high of 10,239.25 at the outset.
Sensex and the broader Nifty climbed to new life-time highs of 32,687.32 and 10,242.45 points, respectively, in opening session on Monday.
General Insurance Company of India's Rs 11,363 crore IPO is expected to reduce the government’s stake in GIC by 14.22 per cent.
The fourth bi-monthly monetary policy statement for 2017-18, to be released today, is being keenly awaited by all stakeholders.
SBI Life is the second listing by a life insurer after ICICI Prudential, and its Rs 8,400 crore IPO, the biggest public offer in the last 7 years.
Sensex surged 332 points and the Nifty was back on top of 9,800 on optimistic buying ahead of RBI policy review.
Markets, however, managed to close with gains as domestic institutional investors provided buying support.
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