Markets close at record high, Nifty falls short of 10000-mark

Marcus Newton
July 25, 2017

The benchmark BSE Sensex closed higher by 216.98 points or 0.68 percent at 32,245.87, while the broader Nifty index finished up 51.15 points or 0.52 percent at 9,966.40. "The gains in the Nifty were supported by impressive gains in index pivotals HDFC Bank, RIL, ITC and Infosys", Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS.

On Friday, before closing for he week, the Sensex and the NSE 50-share Nifty had hit all-time highs on fresh buying in select counters during the week and in view of good corporate results mainly from Reliance Industries and Wipro coupled with persistent foreign capital inflows.

On BSE, 1,129 stocks were advancing whereas 637 stocks were lagging.

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The key Indian equity indices on Monday are trading higher in the morning session. On Tuesday, key indices fell, as the market heavyweight ITC dropped more than 12 pct, after the GST council made a decision to increase the cess on cigarettes. Lupin gained 1.67 per cent to Rs 1161.95 and Reliance Industries rose by 1.89 per cent to hit Rs 1,600 mark. On Wednesday and Thursday, the markets struggled to regain the record high levels that they had reached last Monday.

Hong Kong's Hang Seng index settled at 26846.83, while Japan's Nikkei closed at 19,975.67.

Among the top gainers from the trade were Fortis Healthcare, Tata Sponge, Vijaya Bank, HPCL and Amtek Auto, registering an eight percent growth.

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