Sensex, Nifty scale new peaks on GST preparedness

Gladys Abbott
June 5, 2017

Both Sensex and Nifty were trading at a new life time high.

"However, global cues were mixed, following soft NFP figure as well as upcoming United Kingdom elections", James added.

At 10.45 a.m., the 30-share BSE index Sensex was up 4.67 points or 0.01 per cent at 31,277.96 and the 50-share NSE index Nifty was up 12.15 points or 0.13 per cent at 9,665.65.

Muted global cues and caution ahead of RBI's monetary policy review due this week served to limit overall gains to some extent.

Healthy buying was witnessed in consumer durables, capital goods and banking stocks.

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Some of the key stocks that gained on Monday were Bajaj Auto, Yes Bank, Idea Cellular, TCS, Larsen & Toubro, Adani Ports and Axis Bank while Coal India, UltraTech Cement, GAIL, Infosys, Lupin, and Dr Reddy's Labs declined.

Broader markets too were remained in bullish form with small-cap and mid-cap indices climbing 0.65 % and 0.15 %, respectively.

On the other hand, the S&P BSE metal index fell by 61.89 points, the healthcare index by 7.59 points, and the utilities index was down by 5.12 points.

The NSE's bank sub-index has surged about 29 percent this year up to Friday's close, outperforming a near 18 percent gain in the benchmark NSE index, as the country tackles the non-performing loans in the banking sector.

Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 59.13 crore last Friday, as per provisional data released by the stock exchanges. The market capitalisation of the company is Rs 1168.93 crore.

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