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Nifty 50 settles above 10000 for the first time ever, Sensex kisses 32400

The Financial Express logo The Financial Express 26-07-2017

The domestic stock markets ended record higher on Wednesday after making the historic record intraday highs yesterday. The NSE Nifty ended above the most awaited five-digit mark of 10,000 today. The broader benchmark Nifty settled 56 points higher at 10,020.65 points after making the record high of 10,025.95 points. BSE Sensex too advanced 185 points to hit a lifetime high of 32,413.63 points.

Indian equities surged to record breaking highs as the on the note of positive sentiments flow among the market participants during the ongoing corporate earnings season. The cues were also optimistic as US Federal Reserve will conclude the two-day meeting later today and is widely expected to keep interest rates unchanged.

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Indian markets marked a yet another splendid moment in the history on Wednesday as the broader Nifty 50 index clocked the magical five-digit mark of 10,000. Nifty rose 0.56% from its previous close to cross the phenomenal figure. The oldest Indian benchmark Sensex gained over 0.48% ended at a new all-time high of 32,382.46 points.

Shares of the fifth-largest private lender Yes Bank zoomed as much as 6.23% to the record high of Rs 1,718.8 after the bank announced a 32% rise in the net profit for the April-June quarter as compared to the previous year net profit in the same period. The board of directors of the bank at the meeting held today also approved sub-division of one equity share into five i.e., in the ratio of 1:5, the private bank said in a regulatory filing.

Shares of the country’s largest housing finance company HDFC were little changed today, closed marginally higher 0.36% at Rs 1,637.95 after the mortgage player reported a marginal decline in consolidated net profit at Rs 2,734 crore for the first quarter of the financial year 2017-2018.

Apart from Yes Bank, shares of Cipla (up 2.57%), IndusInd Bank (up 2.43%), Sun Pharma (up 2.24%), Vedanta (up 2.22%), Tata Steel (up 2.22%) were among the lead gainers on the Nifty index. Most of the sectoral indices of NSE ended higher including that of the bank, auto, FMCG, financial services, metal, pharma and realty with gains up to 1.54% while IT, media and PSU bank index were down up to 0.69%.

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