Breaking boundaries, the benchmark Sensex breached the 32,000 mark for the first time



 Mumbai: NSE Nifty hit a new peak of 9,879 today on strong buzz that a policy rate cut may be on the anvil after inflation touched a "record low".


A positive lead from Asia after US Federal Reserve chief indicated a gradual approach to raising US interest rates made investors here go in for fresh bets.


The 30-share index zoomed 215.60 points, or 0.67 per cent, to hit a new peak of 32,020.42, surpassing previous intra-day record of 31,885.11 reached on July 11.


The gauge had rallied 444.18 points in the previous three sessions.


The stock of the largest IT exporter TCS was trading 0.65 per cent higher ahead of its earnings today.


All the sectoral indices, led by FMCG, capital goods, power, metal, banking and auto, were trading in the positive zone, with gains of up to 1.06 per cent.


Shattering records, the 50-share NSE Nifty too rose 62.40 points, or 0.63 per cent, to hit a new life high of 9,878.50.


It had touched an intra-day record high of 9,830.05 on July 11.


There are renewed hopes of a rate cut by the Reserve Bank at its policy meet next month after retail inflation hit a historically low level of 1.54 per cent in June and industrial output growth slumped to 1.7 per cent in May.




Prominent gainers in the Sensex kitty were ICICI Bank, ITC Ltd, L&T and Sun Pharma, gaining by up to 1.69 per cent.


Hong Kong's Hang Seng rose 1.15 per cent while Japan's Nikkei was up 0.15 per cent in early session. Shanghai Composite was up 0.33 per cent.


The US Dow Jones Industrial Average rallied 0.57 per cent to close at a record yesterday.

PTI

Related news

Don’t Miss

Shocking..PM's note ban caused 1 lakh cr-LOSS:Modi's top economist
Wow! Check out this latest LED smartphone
Happy Birthday Manmohan Singh, says PM Modi
Pak in trouble..Will FINISH terror havens, US promises India
Goddess wears a 22 kg gold designer sari worth Rs 6.5 crore in Kolkata
See Sachin Tedulkar with a broom in hand...
Mithali Raj in Bollywood now, hopes to inspire young girls
China insults Sushma Swaraj over Pak terrorism issue
Datsun redi-GO GOLD 1.0L launched for in India for 3.69 Lakhs
PM Modi says this to Manmohan Singh on his B'Day
Ryan bosses will be ARRESTED?HC refuses to stay arrest
Bibek Debroy is PM Modi's top 'MONEY' man!
1 kg GOLD found in RECTUM, man arrested
5 latest smartphones at throwaway prices, go for it
New BUDGET smartphone..Is this the best!
SELFIE lovers..Know which is BEST smartphone for you
Ram Rahim challenges CBI court verdict, moves HC
GOOD news for SBI account holders!
Maruti Suzuki To Set Up India’s First Automobile Lithium-ion Battery Plant
Upcoming Mercedes-Benz Cars In India
Finally, Shah Rukh and Ash reunite!
I am not forming a new party as of now: Mulayam Yadav
India-Bound Volvo XC40 Unveiled
Sonam looks RAVISHING in this green gown
Why Junior B opted out of this movie
Nawaz back in Pakistan, chairs meeting at Punjab House
Ducati Launches SuperSport and SuperSport S
Mass grave of 28 Hindus killed by Rohingyas found in Myanmar
Rakhi's BIG revelation about Ram Rahim will shock you
Are you 10th pass? Bumper Govt jobs for you here

Most Recent





Most Popular