IT

Equity markets at new peak, Nifty closes above 9900-mark (Second Lead)

Equity markets at new peak, Nifty closes above 9900-mark (Second Lead)

The Nifty Realty, IT, and Metal indices led the gainers, advancing 1.48 per cent, 1.12 per cent, and 0.96 per cent, respectively. Meanwhile, the broad based NSE Nifty climbed by 29.60 or 0.30% at 9,915.95 with 34 components registering rise.

The 30-scrip Sensitive Index (Sensex) of the BSE also closed at a new high of 32,074.78 points - up 54.03 points or 0.17 per cent, from its previous close at 32,020.75 points.

The company's market valuation on BSE went up by Rs3,948.99 crore to Rs1,30,224.99 crore.

Markets observers opined that some gains were capped as investors booked profits in FMCG and capital goods sectors.

Most other Asian markets edged higher after the Dow Jones Industrial Average and the S&P 500 Index closed at record highs on Friday following soft USA inflation and retail sales data that pushed back bets of Federal Reserve rate increases.

Trump Defends Donald Jr: 'Most Politicians Would Have Gone' to the Meeting
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The Nifty opened higher today at 9,908.15. "European indices like CAC 40 and FTSE 100 traded higher", Jasani added.

The wider NSE Nifty too backtracked from its all-time peak and dipped below the 9,800-level.

Stocks of ITC suffered the most by falling 11.90 per cent to Rs 287 after the GST Council had yesterday hiked cess on cigarettes. The S&P 500 nearly closed unchanged, while the Nasdaq Composite index rose about 2 points to close at 6,314.

Hong Kong's Hang Seng was down 0.19 per cent, Japan's Nikkei shed 0.68 per cent and Shanghai Composite Index was down 0.62 per cent in their early deals.

"Wipro Ltd has now informed BSE that the Board will consider a proposal for buyback of equity shares of the Company on July 20, 2017", the company said in a filing to the stock exchange on Friday.


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