Sensex vaults by 87 points to record close of 21,338
23 Jan 2014 10:59 PM GMT
The 30-share BSE barometer moved in a narrow range, but buying at the fag-end lifted Sensex to its life-time closing high of 21,337.67, a rise of 86.55 points or 0.41 per cent, completing three straight days of gains.
In thee sessions, the key index has jumped by 247.05 points or 1.30 per cent. The previous closing high was 21,326.42 points, recorded on 9 December, 2013.
Jignesh Chaudhary, Head Of Research, Veracity Broking Services, however, said: ‘Markets are going to follow a cautious approach in trading ahead of RBI policy review meet scheduled on 28 January.’
Buying interest in RIL, Sun Pharma, ICICI Bank, Bharti Airtel, Tata Steel, HUL, M&M mainly kept market tempo upbeat.
Broader 50-issue NSE Nifty also improved by 25.15 points to log its second highest closing of 6,338.95. Its record closing high was 6,363.90 points on 9 December, 2013.
Major Sensex gainers were Sun Pharma at 2.85 per cent, Tata Steel 2.28 per cent, Hindalco Ind 2.04 per cent, Bharti Airtel 1.56 per cent, NTPC 1.38 per cent, M&M 1.25 per cent, Dr Reddy's Lab 1.17 per cent, Cipla 1.15 per cent and Wipro 1.04 per cent.
SBI, however, eased by 0.77 per cent, while Larsen lost 0.65 per cent and Hero Motocorp 0.60 per cent. Better third quarter results by corporates and positive global cues boosted investor sentiment, a trader said.
Rupee snaps three-session losing string, rises 7p to 61.81 per $
Mumbai: In tune with gains in stocks, the rupee on Wednesday ended 7 paise higher at 61.81 against the dollar on dollar selling by exporters, breaking three days of losses. Dollar’s stability in overseas markets and a decline in capital inflows, however, capped the rupee rise, a forex dealer said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit swung between 61.76 and 62.02. It settled at 61.81, a rise of 7 paise from its previous close. ‘Rupee traded range-bound today (Wednesday) but managed to close slightly strong after a three-day fall. Local equities posted its record high closing today (Wednesday), supporting the rupee movement,’ said Pramit Brahmbhatt, CEO, Alpari Financial Services (India). The dollar index was trading nearly flat against its major global rivals.
‘After trading in a tight range for almost a week, rupee has finally come out and started its firm trend against the US dollar....Next couple of days’ closing will be closely watched to get the further direction of the pair,’said Abhishek Goenka, Founder and CEO, India Forex Advisors.
In thee sessions, the key index has jumped by 247.05 points or 1.30 per cent. The previous closing high was 21,326.42 points, recorded on 9 December, 2013.
Jignesh Chaudhary, Head Of Research, Veracity Broking Services, however, said: ‘Markets are going to follow a cautious approach in trading ahead of RBI policy review meet scheduled on 28 January.’
Buying interest in RIL, Sun Pharma, ICICI Bank, Bharti Airtel, Tata Steel, HUL, M&M mainly kept market tempo upbeat.
Broader 50-issue NSE Nifty also improved by 25.15 points to log its second highest closing of 6,338.95. Its record closing high was 6,363.90 points on 9 December, 2013.
Major Sensex gainers were Sun Pharma at 2.85 per cent, Tata Steel 2.28 per cent, Hindalco Ind 2.04 per cent, Bharti Airtel 1.56 per cent, NTPC 1.38 per cent, M&M 1.25 per cent, Dr Reddy's Lab 1.17 per cent, Cipla 1.15 per cent and Wipro 1.04 per cent.
SBI, however, eased by 0.77 per cent, while Larsen lost 0.65 per cent and Hero Motocorp 0.60 per cent. Better third quarter results by corporates and positive global cues boosted investor sentiment, a trader said.
Rupee snaps three-session losing string, rises 7p to 61.81 per $
Mumbai: In tune with gains in stocks, the rupee on Wednesday ended 7 paise higher at 61.81 against the dollar on dollar selling by exporters, breaking three days of losses. Dollar’s stability in overseas markets and a decline in capital inflows, however, capped the rupee rise, a forex dealer said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit swung between 61.76 and 62.02. It settled at 61.81, a rise of 7 paise from its previous close. ‘Rupee traded range-bound today (Wednesday) but managed to close slightly strong after a three-day fall. Local equities posted its record high closing today (Wednesday), supporting the rupee movement,’ said Pramit Brahmbhatt, CEO, Alpari Financial Services (India). The dollar index was trading nearly flat against its major global rivals.
‘After trading in a tight range for almost a week, rupee has finally come out and started its firm trend against the US dollar....Next couple of days’ closing will be closely watched to get the further direction of the pair,’said Abhishek Goenka, Founder and CEO, India Forex Advisors.
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