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May 30, Tuesday 2017 12:27 AM       

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       BUSINESS Next Article: AI starts direct flight between Delhi, Stockholm  
       Sensex surges to record high in late morning trade
 
         Posted on :14:12:40 May 19, 2017
   
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       Last edited on:14:29:12 May 19, 2017
         Tags: Sensex, Nifty
 

MUMBAI: Benchmark Sensex scaled a fresh lifetime high of 30,712 in late morning trade Friday on sustained buying in FMCG, realty, telecom, power and metal counters.

Sentiment was also bolstered by the progress on the GST front, with the GST Council finalising rates for most goods.

The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent.

The Sensex resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent.

The NSE 50-share Nifty was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs.

Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs. 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs. 897.96 crore.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

US stocks closed higher yesterday, following the previous session's brutal sell-off, as positive data offered a glimmer of optimism.

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       BUSINESS
Next Article: AI starts direct flight between Delhi, Stockholm
 
 
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