Sensex Zooms 181 Points to 32614, Nifty Above 10000

Posted October 17, 2017

The NSE index Nifty was trading up by 71.50 points, or 0.70 percent, at 10,238.95 after making its new high of 10,242.45 in intra-day trade early. It surpassed its previous record closing of 10,153.10 hit on September 18.

The benchmark BSE index closed higher by 250.47 points or 0.78 per cent at 32,432.69.

Indian equities ended higher on Monday. Hong Kong's Hang Seng, however, was down 0.16 per cent. The Dow Jones Industrial Average rose 30.71 points, or 0.13% to end at 22,871.72, and the S&P 500 gained 2.24 points or 0.09 % to 2,553.17. "Nifty has witnessed sharp upside momentum over the last two days and made a new all time high of around 10,191 levels", said Jasani.

Cooling of food prices helped ease India's annual rate of inflation based on the Wholesale Price Index (WPI) in September to 2.6 per cent, official data showed on Monday. The rupee appreciated by another 25 paise to 64.68 against the USA currency in early trade at the interbank forex market today on dollar selling by banks and exporters. "Investors are sitting with a hope that the ongoing quarter result season is likely to be better as compared to Q1 due to a positive start which gives leeway to the valuation".

Richard Branson invests in the hyperloop
Branson said he was "looking forward to helping turn this cutting edge engineering into a global passenger service", he added. Branson said the company was working on "exciting projects" around the world but no lines have been confirmed as yet.

According to official data released on Thursday, the IIP for August showed that factory output grew 4.3 per cent against the same month past year, and September's CPI inflation remained static at 3.28 per cent as compared to August.

Domestic institutional investors (DIIs) bought shares worth a net Rs 1590.13 crore, as per provisional data.

Shares of Bharti Airtel and Bharti Infratel hit the 52-week highs, rising 1.7% and 1.5% respectively.

Nifty Auto, Metal, pharma and Realty indices gained 1-2 percent while Nifty Bank ended flat and PSU Bank was down 0.2 percent. However, Axis Bank fell 2.07 pct, Reliance by 1.11 pct and SBIN 0.51 pct.