NewDelhi: Markets continued their upward rally on Thursday with the NSE Nifty breaching 11,600 mark for the first time
The BSE Sensex surged 201.88 points to hit all-time high of 38,487.63 in early trade. The 50-stock Nifty was briefly touched 11,600. Minutes later it came up to 11,584.90, edging 14.00 points higher.
Markets were shut yesterday on account of Bakri Id.
The rupee meanwhile fell 27 paise against the dollar to trade near 70.08 again amid strong demand for the US currency after the US Fed released minutes of its policy meet yesterday.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 254.25 crore and domestic institutional investors (DIIs) bought shares worth a net of Rs 197.87 crore on Tuesday, provisional data showed.
Asian shares slipped on Thursday as a deadline loomed for fresh US tariffs on China and amid speculation U.S. President Donald Trump`s political position could be threatened by the legal woes of two former advisers, a Reuters report added. MSCI`s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent. Hong Kong`s Hang Seng index fell 0.5 percent while South Korea`s Kospi eased 0.1 percent. Japan`s Nikkei added 0.2 percent while Chinese shares were a bit firmer too.
Bureau Report
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