ibusinesslines.com
ibusinesslines.com July 28, 2017


ETMarkets After Hours: RIL on a new high; ITC smoke clouds FMCG

17 July 2017, 03:38 | Myron Mathis

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai India. REUTERS

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai India. REUTERS

Asian shares ruled firm, picking up cues from stronger than expected growth in China and expectations that the Federal Reserve will tread with care in tightening its policy, given lacklustre economic data, which led to a record close in the U.S. on Friday.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,053.98 points, closed at 32074.78 points - up 54.03 points or 0.17 per cent, from its previous close at 32,020.75 points.

MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to climb 0.26 percent by 0630 GMT.

NSE's Nifty closed above the 9,900 level for the first time at 9,916 with 40 components ending in the green and 11 in the red.


The Dow and S&P 500 hit record highs after data showed consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and subdued expectations of strong economic growth in the second quarter which could make Fed policymakers more cautious.

The Sensex, too, scaled a fresh intra-day high of 32,131.92 points.

Biggest gainers in the 30-share index were Wipro (3.74%), Adani Ports and Special Economic Zone (1.63%), Reliance Industries (1.55%), Infosys (1.54%), Mahindra & Mahindra (1.34%), and ICICI Bank (1.12%).

The BSE Sensex and Nifty jumped almost 1.5 per cent on Monday to record highs, surpassing their previous all-time highs hit just last week as. While Wipro shares rallied 3.3 percent, Infosys rose 1.4 percent and HCL Technologies advanced 2.2 percent.



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