Sensex, Nifty hit new peaks

Sensex, Nifty hit new peaks

Mumbai: Taking a breather after a record-setting spree, benchmark Sensex plunged 224 points Thursday to retreat from lifetime highs as investors booked profits amid global volatility.

The 30-share Sensex opened on a strong footing and surged to a new peak of 30591.55 before closing 260.48 points, or 0.86 per cent, higher at 30582.60, breaching its previous record close of 30322.12 points reached yesterday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) provisionally closed at 9,427.90 points - down 1.55 points or 0.02 per cent. As per the GST tax rates announced recently, the impact is very positive and signals that the mass consumption items will be taxed lower.

In the Asian region, Hong Kong's Hang Seng rose 0.30 per cent, Shanghai Composite rose 0.12 per cent and Japan's Nikkei gained 0.19 per cent in early deals today.




The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent. London's FTSE rose 0.52 per cent. The BSE AUto index was down 1.2 per cent; Cummins India, Maruti Suzuki, Mahindra & Mahindra, Eicher Motors, MRF and Bosch were among the losers from this space. Domestic institutional investors (DIIs) bought shares worth a net Rs. 897.96 crore.

The overall market breadth was extremely bearish as 1,786 shares ended lower while 962 closed higher on the BSE.

Coal India rallied 2.6%, followed by NTPC and PowerGrid as the GST rate on the hydrocarbon was pegged at 5% as compared with the current tax burden 11.69%, which will make electricity cheaper.

Further, a host of changes have been made in BSE 100, BSE 200, BSE 500, Sensex Next 50 and sectoral indices such as Teck and carbonex. Those moving out of the BSE 100 index are Union Bank of India, Jindal Steel & Power, Reliance Communications, Reliance Power, GMR Infrastructure, Bank of India, IDBI Bank, United Spirits, Hindustan Zinc, Federal Bank and Housing Development & Infrastructure.

Related Articles

  • Warriors trounce Spurs without Leonard for 2-0 series lead

    Warriors trounce Spurs without Leonard for 2-0 series lead

    The Warriors turned the basketball over 10 times in the first half, giving the Spurs seven steals off of poor ball handling. The Spurs need Aldridge to be a max contract guy tonight and he didn't seem like he was a worth a penny of that contract.
    Triple talaq hearing: A timeline of events

    Triple talaq hearing: A timeline of events

    SC reserved its verdict on a clutch of pleas challenging the constitutional validity of triple talaq among Muslims. Abdul Nazeer was told that the AIMPLB would file an affidavit before the court stating its decision.
    'Trumpcare' bill set to hurt Republicans

    'Trumpcare' bill set to hurt Republicans

    Twenty Republicans, none of whom were from California, voted against the bill, as did Carbajal and each of his fellow Democrats. Kim raised more than $43,000 online over the last week for a possible run. "He owns every part of this", Kim said of MacArthur.
  • Maria Sharapova granted Birmingham wild card

    Maria Sharapova granted Birmingham wild card

    I read very carefully articles 100 and 101 of the Court of Arbitration for Sport (CAS) which reduced the length of your ban. Sharapova was refused automatic entry to the French Open on Tuesday, with her ranking still too low to qualify by right.

    Pool-by-pool Guide to Japan 2019

    When is the Rugby World Cup draw? No team has ever lost in the pool stage and gone on to win the trophy outright. Dan Carter of New Zealand reacts on the final whistle after winning their Rugby World Cup final in 2015.

    Australia and NZ largely escape global cyber attack

    Europol executive director Rob Wainwright told Britain's ITV television on Sunday that the attack had been " unprecedented ". An global manhunt was well under way for the plotters behind the world's biggest-ever computer ransom assault.
  • NASCAR's Regan Smith replaces injured Almirola in Charlotte

    NASCAR's Regan Smith replaces injured Almirola in Charlotte

    RPM has tabbed Regan Smith to drive the No. 43 Ford this weekend in the Monster Energy All-Star Race but no decision has been made abut the future while Almirola is out.
    Israeli Cabinet committee pushes bill that downgrades Arabic

    Israeli Cabinet committee pushes bill that downgrades Arabic

    Under such a Basic Law, Israeli law must be interpreted according to this principle. "Discrimination has received a legal stamp". The Israeli government coalition had tried in the previous parliament to push for two proposals of the "nation-state bill".

    Trump Promises Israel-Palestine Peace, But Offers No New Policies

    He was referring to the likelihood that Trump would make good on his threat to move the US embassy from Tel Aviv to Jerusalem.
  • Planned Parenthood Closes Four Clinics In Iowa

    Planned Parenthood Closes Four Clinics In Iowa

    Only one licensed abortion clinic remains in the state - a Planned Parenthood center in St. According to the Charlotte Lozier Institute - which is affiliated with the Susan B.

    Celtics Or Wizards: Who's The Better Matchup For The Cavaliers?

    The Celtics closed out the third quarter on a 9-0 run with Thomas and Smart combining for three 3-pointers over the final 1:46. Game 7 will also — at least for now — settle the score between teams that havent hidden their dislike for one another.
    Rivals unite to oust Rouhani as Iran election enters final days

    Rivals unite to oust Rouhani as Iran election enters final days

    Rohani's supporters have called for the release of the opposition figures at many of his campaign events in recent days. If no candidate win more than 50 percent of the votes in the election on May 19, a run-off will be held a week later.