Sensex climbs new peak above 30000; rupee at 20-month high
- Author: Ronnie Bowen May 03, 2017,
May 03, 2017, 0:35
The 30-share Sensex opened higher, but failed to hold on to the 30,000-level, touching an intra-day low of 29,848.21 as investors booked profits in recent gainers.
Maruti Suzuki was trading lower by 0.15 per cent at Rs 6,397.50 as cautious investors cut down their bets ahead of the quarterly earnings to be released later in the day.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed the day's trade higher by 45.25 points or 0.49 per cent to touch 9,351.85 points, its new closing high.
At the closing bell, Nifty ended at 9342 with loss of 9 points and BSE Sensex closed at 30029 with decline of 103 points.
The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange closed higher by 190.11 points or 0.63 per cent.
European markets rallied as investors gave a thumbs-up to the news that pro-EU centrist Emmanuel Macron is leading far- right candidate Marine Le Pen in the French presidential poll, which supported the recovery here.
Pakistan PM sacks adviser over leaked report against army
Sajjan Jindal is MD of JSW Group of Companies and has family and business connections in Pakistan, including with Sharif family. The opposition parties were angry over the government's decision to keep Jindal's visit as well as the meeting a "secret".
The gauge had lost 57.09 points on Friday largely on profit-booking amid mixed global cues.
The rupee also continued its upward trend to log a near 21-month high of 64.26, by surging 18 paise against the U.S. dollar on sustained dollar unwinding from exporters amid positive global cues.
Nifty Realty dropped 1.80 per cent, followed by FMCG 1.63 per cent, IT 0.69 per cent, Infra 0.30 per cent, Media 0.26 per cent, and Energy 0.22 per cent. Telecom, automobile, consumer durables, power and bank stocks mostly ended flat.
Foreign capital outflow also affected sentiment as FIIs net sold Rs 492.52 crore yesterday, as per provisional data. London's FTSE fell 0.25 percent, while Paris CAC 40 rose 0.25 percent and Frankfurt's DAX gained 0.13 percent in early deals.
Shares of Wipro surged 2.36 per cent to Rs 506.20 after the company on Tuesday posted a marginal increase in its consolidated profit at Rs 2,267 crore for the quarter ended March and said it will issue bonus shares within the next two months.