NEW DELHI: The season of record highs is back on D-Street.
Benchmark indices Sensex and Nifty hit fresh record highs on Wednesday within half hour of opening trade led by gains in banking and auto stocks. Hopes of a possible rate cut by the RBI along with firm cues from the global markets kept market buoyant today.
The mood was further bolstered by strengthening rupee which was trading 13 paise higher in the following sustained inflows by foreign institutional investors.
At around 9:30 am, the BSE sensex was up 168.80 points, or 0.43 per cent at 39,225.45. While NSE Nifty rallied 43.65 points, or 0.37 per cent at 11,756.85.
Among Nifty stocks, 32 stocks advanced while 18 declined.
In the Sensex pack, 23 stocks traded in the green while seven in the red. Tata Steel topped the leaderboard surging, 1.61 per cent, as S&P Global Ratings revised Tata Steel’s outlook to positive on expectations of stable steel prices, reduced chances of acquiring bankrupt Bhushan Power & Steel and the divestment of its low margin European business.
The index made merry led by strong contribution from banking stocks such as HDFC BankNSE 0.17 %, Kotak Bank, IndusInd BankNSE 2.30 % ..
Benchmark indices Sensex and Nifty hit fresh record highs on Wednesday within half hour of opening trade led by gains in banking and auto stocks. Hopes of a possible rate cut by the RBI along with firm cues from the global markets kept market buoyant today.
The mood was further bolstered by strengthening rupee which was trading 13 paise higher in the following sustained inflows by foreign institutional investors.
At around 9:30 am, the BSE sensex was up 168.80 points, or 0.43 per cent at 39,225.45. While NSE Nifty rallied 43.65 points, or 0.37 per cent at 11,756.85.
Among Nifty stocks, 32 stocks advanced while 18 declined.
In the Sensex pack, 23 stocks traded in the green while seven in the red. Tata Steel topped the leaderboard surging, 1.61 per cent, as S&P Global Ratings revised Tata Steel’s outlook to positive on expectations of stable steel prices, reduced chances of acquiring bankrupt Bhushan Power & Steel and the divestment of its low margin European business.
The index made merry led by strong contribution from banking stocks such as HDFC BankNSE 0.17 %, Kotak Bank, IndusInd BankNSE 2.30 % ..
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