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Sensex soars to close above 30000, Nifty at lifetime high

Sensex soars to close above 30000, Nifty at lifetime high

The benchmark BSE Sensex index fell 0.9%, or 267.41 points, to 29,858.80, while the broader NSE Nifty 50 ended down 0.8%, or 74.60 points, at 9,285.30. The Nifty ended the day up 47.95 points, or 0.5%, at 9,359.90.

The BSE Sensex, which opened at 30,142.14 points, was trading at 30,025.75 points (at 9.30 a.m.) in the early session, lower 100.46 points or 0.33 per cent from the previous day's close at 30,126.21 points.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold stocks worth Rs 363.98 crore while domestic institutional investors (DIIs) purchased scrip worth Rs 298.11 crore.

Sun Pharma Advanced Research and Capital First gained about 1 percent on fund raising reports.

Not surprisingly, banking stocks rallied with the BSE Bankex ending the day as the best performing sectoral index. However, the healthcare index was down 0.81%, metal index was 0.58% down and oil and gas was below 0.53%.




The NSE PSU bank index fell 1.76 percent, with State Bank of India declining 1 percent and Bank of India shedding 4.5 percent.

"USD/INR futures prices witnessed smart recovery from lower levels which pressurised the equity market sentiments".

The company said that its standalone profit jumped 188.4 per cent to Rs 2,024.6 crore, largely driven by net interest income and lower provisions but it was capped by a decline in other income and operating income.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE reclaimed its psychologically important 30,000-mark. Power Grid (+2.43%), TCS (+1.63%) were the top gainers on Sensex too, while Lupin (-2.79%), Adani Ports (-1.62%) traded lower. In the Asian region, financial markets in Japan, Hong Kong and South Korea are closed today for public holidays.

Metal stocks were also in the limelight as the Cabinet, on Wednesday, chose to give "preference to domestically manufactured iron and steel products" under its infrastructure policy.

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