After pausing for a day, benchmark indices turned bullish to hit fresh highs today. While Sensex hit an all-time high of 40,606, Nifty hit intra day high of 12,002. Nifty fell 101 points short of its all-time high of 12,103. Later, Sensex closed 221 points higher than the previous close of 4,248. Nifty too gained 43 points to 11,961. On Tuesday, Sensex and Nifty snapped their seven-session winning streak to close in the red. While Sensex lost 53 points to 40,248, Nifty closed 24 points lower at 11,927. Sensex has rallied 2,796 points in one month and Nifty has seen a gain of 791 points during the same period. Sensex has rallied 4,401 points since the beginning of this year with Nifty logging 1,103-points gain during the period. Here's a look at 10 updates around today's rally.
1.Banking stocks led the rally with Bank Nifty rising 389 points to 30,609 against previous close of 30,219. BSE Bankex too rose 475 points to end at 34,553 against previous close of 34,078.
2. ICICI Bank (2.64%) , Infosys (2.37%), HDFC (1.78%), IndusInd Bank (1.74%) and HDFC Bank (1.42%) were the top Sensex gainers. Of 30 Sensex stocks, 16 ended in green.
3. Bharti Airtel (3.31%) , RIL (1.07%), Bajaj Finance (1.04%) ,ONGC (1.03%) and Maruti (1%) were the top Sensex losers.
4. Consumer durables stocks were top losers on benchmark indices. BSE consumers durable index fell 1,385 points to 24,740 against previous close of 26,136.
5. Market breadth was marginally positive with 1,224 stocks rising against 1,280 falling on BSE.
6. On BSE, Raymond, Westlife Development, Jai Corp, Avanti Feeds, Corporation Bank and GMR Infra were the top gainers. GE T&D India Ltd, Titan, Bajaj Electricals, Vodafone Idea Ltd and Prism Johnson Ltd were the top losers.
7. Earlier in the day, Sensex started mildly bullish with a rise of 100 points to 40,311.85 against last closing of 40,200. Nifty rose 11 points to 11,911.50.
8. Indian rupee, the local currency opened lower at the interbank exchange, at 70.79 per dollar against last closing of 70.69 per dollar, amid rising demand for the American currency. Rupee further slid 28 paise to 70.97 per dollar in afternoon session.
9. Brent crude, used to price international oils, declined 50 cents to $62.46 per barrel in London. It gained 83 cents in the previous session to close at $62.96.
10. Global cues were positive after investors were rattled by a possible snag in a US-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. In early trading, Germany's DAX rose 0.2% to 13,181.29 and France's CAC 40 added 0.2% to 5,861.24. London's FTSE 100 was unchanged at 7,388.20. In Asia, Tokyo's Nikkei 225 gained 0.2% to 23,303.82 and Seoul's Kospi added just under 0.1% to 2,144.15. Hong Kong's Hang Seng was flat at 27,688.64.