Sensex Sets New Record Close Above 30,000; Rupee At 20-Month High
Indian markets end at a fresh record high; Auto stocks rally.
- Oldest First
Closing Bell
Indian shares gained for a third straight session, with both Sensex and Nifty closing at fresh record highs, buoyed by better-than-expected quarterly results and positive global cues.
The S&P BSE Sensex rose 0.63 percent to end at 30,133, while the NSE Nifty gained 0.49 percent at 9,351. The rupee, meanwhile, strengthened to as much as 63.99 against the U.S. dollar, its highest since August 2015, compared to previous close of 64.27.
Celebration at BSE as #SENSEXCrosses30K ,a New Milestone Created @ashishchauhan @SPBSEIndices @BSEInstitute @SENSEX_BSE pic.twitter.com/n4Xb1k8i3Y
— BSE India (@BSEIndia) April 26, 2017
Among the sectoral indices, S&P BSE Bankex and S&P BSE Auto index rose 1 percent and 0.8 percent, respectively. Realty index was the top sectoral loser with declines of 2.9 percent.
The market breadth was skewed in the favour of losers, with about 7 stocks declining to every 3 stocks that advanced.
BQSpotted: Mirza International Maintains Pace
- Stock up for five consecutive sessions
- Posted highest intraday gain of 11% in five months
- Stock has gained 27% in last five trading sessions
- Volumes at 9.5 times its previous 20-day average
- Leather manufacturer has a market cap of Rs 1,350 crore
- All 6 analysts tracked by Bloomberg have a buy rating on the stock
#BQSpotted by @shraddha_babla | Mirza International is on a 5-session winning streak.https://t.co/QXDyOs1jgp pic.twitter.com/a0qLcI5Syf
— BloombergQuint (@BloombergQuint) April 26, 2017
Market Check
- Nifty +0.21% at 9,326; Sensex +0.30% at 30,038
- Adani group stocks slide: Adani Ports & SEZ -3.1%, Adani Enterprises -20%, Adani Power -0.7%, Adani Transmission -6.1%, Adani Ports -2.5%
- S&P BSE Realty index -2.6%, S&P BSE Information Technology index -1.1%
Market Check With Technical Analyst CK Narayan
Rupee May Eventually Touch 63.50/$, Says DBS India
#BQMarketsNow | Rupee may eventually touch 63.50/$, says DBS India. @SagarSalvi reportshttps://t.co/3sJ6xuvdNb pic.twitter.com/XqU0soOB4w
— BloombergQuint (@BloombergQuint) April 26, 2017