News Worms
News Worms

Sensex, Nifty Seen Higher As GST Council Clears All Draft Bills

Sensex, Nifty Seen Higher As GST Council Clears All Draft Bills

The Sensex touched a high of 29,824.62 points and a low of 29,601.86 points during the intra-day trade.

Mumbai: The National Stock Exchange's benchmark index Nifty opened deals with a new all-time high of 9,200 level.

The broader Nifty closed on Friday at an all-time high while the Sensex is only 350 points away from its historic high.

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The NSE Nifty was up 68.90 points or 0.76 per cent - to close at 9,153.70 points.

The holiday-truncated eventful week saw the traders eagerly awaiting poll-outcome in five-states, while BJP's landslide victory in UP and impressive show in rest other states generated direct bearing on country's financial markets including rupee appreciating to multi-month highs as well as shares performing to the optimal.

The US dollar nursed bitter losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signaled no pick-up in the pace of tightening.

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The sensex had gained 113.78 points or 0.39 per cent last week. The BSE market breadth was bullish - with 1,802 advances and 1,039 declines.

Buying activity was so strong that all sectoral indices, led by metal and infrastructure, ended in the green. Sector-wise, FMCG rose 2.56 per cent, IT 0.73 per cent and realty 0.75 per cent, while PSU Bank fell 1.81 per cent, infra 1.21 per cent, media 1.01 per cent, pharma 0.52 per cent and auto 0.47 per cent.

So far in 2017, foreign investors have put in an excess of Rs 24,400 crore into equities here with another Rs 5,000 crore coming into debt.

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Major index gainers were Adani Ports (4.96 per cent), Tata Steel (4.30 per cent), HINDALCO (4.30 per cent), Tata Motors Dvr (2.23 per cent) and Asian Paints (2.21 per cent). Mid-cap index decreased 19 points, while Small-cap increased 6 points. Bharti Airtel was the top loser, ending down 0.72% at Rs 360.60. The market capitalisation of NSE stood at Rs 11,823,832.12 crore.


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