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Sensex at life time highs at 41,952.63 pts
Economy

Sensex at life time highs at 41,952.63 pts

Agency News

Mumbai, Jan 14: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday ended lifetime highs at 41,952.63, surging by 92.94 points on brisk buying in stocks like Materials, Energy, Realty, Power and Metal amid positive global cues.

The National Stock Exchange (NSE) too rose by 32.75 points to 12,362.30. The Nifty registered days high and low at 12,374.25 and 12,308.70 points respectively. The Sensex opened on a positive note at 41,883.09, rising by 24 points. It advanced by 135 points to 41,994.26 before closing at 41,952.63, up by 92.94 points from its last close. Gains were capped as surge in domestic inflation numbers dashed hopes of further monetary easing by the central bank.

The sectoral indices like FMCG, Utilities, IT, Auto, Metal, Power and Technology stocks kept the market firm today. In scrips, HeroMoto Corp, ITC, NTPC and M & M rallied however, selling in IndusInd Bank, Reliance Industries, Kotak Bank and SBI capped from further gain, broker said. In the broader market, the S&P BSE Mid-Cap index rose 0.75 pc while the S&P BSE Small-Cap index gained 0.71 pc. Both these indices outperformed the Sensex.

The market breadth favored the buyers. On the BSE, 1463 shares rose and 1039 shares fell. A total of 157 shares were unchanged. In Nifty 50 index, 37 stocks advanced while 13 stocks declined. Inflation, based on monthly Wholesale Price Index (WPI), increased by 2.59 pc year-on-year in December 2019, accelerating from 0.58 pc in November and 3.46 pc in December 2018. It was the highest wholesale inflation rate since May 2019, amid a faster rise in cost of vegetables, while crude oil prices remained firm.

Most shares in Europe and Asia edged higher on Tuesday as investors await China's trade data ahead of a long-anticipated phase one deal signing with the US on Wednesday, 15 January. Optimism also rose as the US removed China from a list of currency manipulators. (UNI)