Sensex, Nifty Open in Green After Trading Low Last Week

Remigio Civitarese
Luglio 17, 2017

However, heavy selling in FMCG stocks restricted the upmove.

The 30-scrip Sensitive Index (Sensex) was trading 69.87 points or 0.22 per cent higher soon after opening.

Among BSE sectoral indices, IT index was the star-performer and was up 0.96 per cent, followed by metal 0.87 per cent, TECk 0.87 per cent and infrastructure 0.72 per cent. Mahindra and Mahindra, Adani Ports, Cipla and Wipro were the other major gainers.

The benchmark BSE Sensex hit a life-time high of 32,131.92 and the Nifty scaled a new peak of 9,920.30 in late morning trade on foreign fund inflows and positive global cues. According to analysts, the shares of Wipro are rising on the possible prospects of the undisclosed proposal of the buyback, Reuters reported.

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. Shares of Wipro Ltd jumped as much as 5.45 per cent, their biggest intraday percentage gain since January 19, 2015.

MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to climb 0.4 per cent after the buoyant China readings.

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