Published: Tue, July 25, 2017
Markets | By Erika Turner

Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

Sensex, Nifty trade at life-time highs; Reliance Industries, ITC advance

Sensex surged over 100 points to 32,135.91, a fresh all-time high, while the NSE benchmark Nifty added almost 25 points scale a fresh high of 9,939.30 despite weakness across other Asian shares.

Intra-day trade saw both the indexes hitting fresh record highs of 32,320.86 and 9.982.05, respectively.

The benchmark BSE Sensex hit a life-time high of 32,232.63 points and the NSE index Nifty scaled a new peak of 9,967.80 points on contiued buying by foreign funds and domestic institutional investors despite weak global cues.

The Sensex closed at 32,028.89 points - up 124.49 points, or 0.39 per cent.

San Bernardino County's unemployment rate increases to 5.4 percent in June
Nationally, the unemployment rate increased 0.1 percentage point in June to 4.4 percent. Food services and accommodation accounted for 72.4 percent of those job additions.

All the sectoral indices, led by IT, oil & gas, bank and PSU, were trading in the positive zone with gains up to 0.51 percent. Share price of AstaZeneca Pharma advanced surged 3.5 percent as the company is set to launch anti-cancer drug Osimertinib 40mg and 80mg in India on July 27th.

On Tuesday last week, the key indices fell after ITC dropped more than 12 per cent, following the GST council deciding to increase the cess on cigarettes.

Software exporter Wipro also rose 1.9 percent after announcing a $1.7 billion share buyback.

In the Nifty index, Wipro (up 1.68 per cent), Bank of Baroda (up 1.48 per cent), YES Bank (up 1.48 per cent), Reliance Industries (up 1.25 per cent), Hero MotoCorp (up 1.14 per cent) and Bharat Petroleum Corporation (up 0.98 per cent) figured among top gainers.

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