Sensex and Nifty hit record highs; and gained more than 1 and half a percent each today amid mixed queues from the Global share markets. The BSE Sensex rose 1197 points, or 1.61 percent, to close at a record 75,418. The NSE Nifty spiked 370 points, or 1.64 percent, and settled at a record 22,968. In the broader market at the BSE, the Mid-Cap index increased by 0.52 percent while the Small-cap index added 0.27 percent.
In the Sensex Index, which is a pack of 30 companies, shares of 27 companies appreciated, and 3 companies declined.
Mahendra and Mahendra rose 3.55 percent, Larson and Tubro gained 3.38 percent and Axis Bank rose 3.3 percent.
On the other hand, Sunpharma dropped 2.94 percent, Power Grid declined 1.86 percent and NTPC slipped 0.43 percent.
In sectoral indices at the BSE, 18 Sectors registered gains, and 2 witnessed losses.
The auto sector rose 2.3 Percent, Capital Goods gained 2.2 Percent and Bankex added nearly 2 Percent.
On the other hand, Healthcare fell 0.61 percent and Metal shed 0.4 percent.
The overall Market breadth was negative, as the shares of 1762 companies advanced, 2071 companies declined and 112 companies remained unchanged.
In the forex market, the rupee closed at 83 rupees and 22 paise against the US dollar today. The dollar index, which indicates the US dollar’s strength against a basket of six other leading currencies was down at 104.69 in intra-day trade.
Three out of five major Asian Indices ended in negative territory today. China’s Shanghai Composite Index down by 1.33 percent, Hong Kong’s Hang Seng Index lost 1.70 percent, South Korea’s Kospi was marginally down by 0.06 percent. On the other side, Singapore’s Straits Times index inched up by 0.44 percent and Japan’s Nikkei is up by 1.26 percent.
All three European major Indices are in Green today. Germany’s DAX trading at 0.26 percent positive, London’s FTSE -100 marginally increased by 0.01 percent and France’s CAC- 40 also trading at 0.32 percent up when the reports last came in.
Wall Street ended lower on Wednesday, as the minutes from the U.S. Federal Reserve’s most recent policy meeting led to considerable speculations among investors on interest rate cuts.
Nasdaq lost 0.18 percent, the Dow Jones Industrial Average fell 0.51 percent and the S&P 500 decreased by 0.27 percent.