Sunday 19th, November 2017
canara news

Rate cut hopes push Sensex, Nifty to record highs

Published On : 13 Jul 2017


Mumbai, (IANS) The key domestic equity indices -- S&P BSE Sensex and NSE Nifty -- on Thursday scaled record highs on the back of positive global cues and hopes of a monetary policy easing.

Around 1.35 p.m., the wider Nifty of the National Stock Exchange (NSE) traded at 9,882.55 points -- higher by 66.45 points, or 0.68 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,896.23 points, traded at 32,049.50 points -- up 244.68 points, or 0.77 per cent, from its previous close at 31,804.82 points.

The Sensex has so far touched a high of -- 32,055.87 points -- a new record and a low of 31,892.63 points during the intra-day trade.

"Global equities traded higher after US Federal Reserve Chair Janet Yellen, hinted at more gradual tapering programme at her testimony before the US Congress. This led the Indian markets opened at records highs," said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

"India's retail inflation hit a record low of 1.54 per cent in June, lowest since 1999, raising hopes of an interest rate cut by RBI (Reserve Bank of India) ahead of monetary policy next month (in August)."







More News

Sensex zooms 414 points after Moody's ups India rating
Sensex zooms 414 points after Moody's ups India rating
Indian firms fast embracing Microsoft 365 for modern workplaces
Indian firms fast embracing Microsoft 365 for modern workplaces
Flipkart picks Smartron to design, engineer its first smartphone
Flipkart picks Smartron to design, engineer its first smartphone

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.