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Sensex Sets New Record Close Above 30,000; Rupee At 20-Month High

Indian markets end at a fresh record high; Auto stocks rally.

 A monitor shows stocks rallying while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
A monitor shows stocks rallying while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
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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.

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.

Sensex Sets New Record Close Above 30,000; Rupee At 20-Month High
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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

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%
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Market Check With Technical Analyst CK Narayan


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