Nifty hits record high in morning trade, Sensex surges 191 points

Faith Castro
September 21, 2017

"Market participants remained cautious ahead of the outcome of Federal Reserve monetary policy meeting later in the global day", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.

The 30-share BSE Sensex also pushed higher by 151.15 points, or 0.47 per cent, to end at 32,423.76, its highest closing since August 2 when it settled at 32,476.74.

The Nifty50 closed at 10,147.55 points after touching a fresh high of 10,178.95 points during intra-day trade, while the Sensex closed at 32,402.37 points - down 21.39 points, or 0.07 per cent.

Market breadth was negative with 1,160 advances against 1,266 declines.

"Broad market indices like the BSE mid-cap and small-cap indices lost a little more, thereby underperforming the main indices". Japanese financial markets are closed for a public holiday today.

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During the day, the Indian rupee strengthened by 6-7 paise to 64.26-27 against the USA dollar from its previous close at 64.33.

Larsen and Toubro gained after the engineering firm announced that it has received a contract worth Rs 1,700 crore from Kuwait Oil Co.

Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd. During the day, it touched a high of 32,508.06. It closed at Rs 847.10 per share - up 0.85 per cent.

In contrast, Dr Reddy's was the leader by rising 3.33 per cent, to Rs 2,313.60, followed by Tata Steel 1.64 per cent, to Rs 687.65 on unabated buying activity.

Shares of Bharat Petroleum (down 2.19 per cent), Bharti Airtel (down 2.01 per cent), Tata Motors (down 1.64 per cent), Coal India Ltd (down 1.49 per cent), Hero MotoCorp (down 1.37 per cent), Cipla (down 1.34 per cent), Sun Pharma (down 1.32 per cent), Tata Motors (down 1.22 per cent), Hind.

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