Sensex ends 54 points higher; Nifty settles above 9900

18 July, 2017, 07:29 | Author: Valerie Burke
  • Tobacco industry body asks GST Council to roll back increase in cess on cigarettes

At one point, Sensex cracked by nearly 400 points to hit the day-low of 31,626.44 The 30-share BSE Sensex opened at 31,775.54, down by 299.24 points while the broader 50-share NSE Nifty slipped 83.25 points to open at 9,915.95.

The Dow and S&P 500 hit record highs after data showed consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and subdued expectations of strong economic growth in the second quarter which could make Fed policymakers more cautious.

Major gainers in the 30-share index were Wipro (3.12%), Adani Ports and Special Economic Zone (1.81%), ICICI Bank (1.69%), Cipla (1.56%), Infosys (1.37%), and Reliance Industries (1.33%).

Asian stocks also rose, with the MSCI's broadest index of Asia-Pacific shares outside Japan up about 0.4 percent.

Nifty IT index was up 1.2 percent.

Ahead of Wipro's board meeting this week on stock buyback and quarterly results, its shares rose by over 3 per cent today, adding Rs 3,949 crore to the firm's market valuation.

The NSE 50-share Nifty closed above the 9,900-level for the first time triggered by fresh buying from operators on hopes of good corporate earnings amid positive global sentiment.

The Nifty touched a record high of 9,920.30 points during intra-day trade.

The benchmark Sensex on Wednesday rose 121 points to end at a new closing high of 26,147.33 extending its winning run to seventh session, its.

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