Tags
IANS/Reuters
A benchmark index of Indian equities markets yesterday touched a new high of 28,027.96 points, its fifth high in six trading sessions, but ended the day’s trade flat barely 6.10 points or 0.02% up.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) had touched a high of 28,010 points in the intra-trade session on November 5, surpassing its previous high of 27,969.82 points recorded on November 3.
Healthy buying spree was witnessed in fast moving consumer goods (FMCG), consumer durables and healthcare stocks. However, heavy selling was observed in capital goods, oil and gas and bank sectors.
The Sensex, which opened at 27,919.45 points, closed trade at 27,874.73 points, up 6.10 points or 0.02% from the previous day’s close at 27,868.63 points.
The Sensex touched a high of 28,027.96 points and a low of 27,764.75 points in the intra-day.
The S&P FMCG index gained by 211.32 points, while consumer durables index increased by 97.57 points and healthcare index went up by 70.49 points.
However, the capital goods index was down 161.02 points, followed by oil and gas index which was lower by 142.09 points and bank index which fell by 105.02 points.
The wider 50-scrip Nifty of the National Stock Exchange also closed trade in positive territory. It ended 7.25 points or 0.09% up at 8,344.25 points.
Meanwhile, the rupee strengthened yesterday, tracking emerging market currencies as the dollar weakened following weaker-than-expected US jobs data, although caution ahead of consumer inflation data later this week tempered some of the gains.
The rupee also failed to get much of a lift from shares, which hit their latest record highs earlier in the session but ended flat as investors booked profits.
Traders are looking ahead at the consumer prices data due tomorrow, amid rising expectation the Reserve Bank of India could opt for earlier-than-expected cuts in interest rates should inflation continue to ease.
“Markets will watch out for the CPI data for immediate direction. Outlook for rupee broadly remains positive but global dollar strength will have some effects on the rupee,” said Hari Chandramgethen, head of foreign exchange trading at South Indian Bank, predicting a range of 61.30 to 62.30 for the week.
The partially convertible rupee closed at 61.4950/5050 per dollar compared with 61.6425/6525 on Friday. The unit had hit an intra-day low of 61.6750 in the previous session, its lowest level since Oct. 17.
The gains tracked higher emerging market currencies after data on Friday showed US employers added 214,000 new jobs to their payrolls last month, a bit smaller than economists on Wall Street had expected.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
