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Sensex closes at record high, crosses 32000

Sensex closes at record high, crosses 32000

It surpassed its previous intra-day high of 9,897.25 touched yesterday. The major gainers in Sensex include NTPC (up 2.02%), Kotak Mahindra Bank (up 1.3%), Cipla (up 0.96%), SBI (up 1.04%), Reliance Industries (up 0.8%).

Among the other losers: Coal India, ITC, Wipro and Tata Motors fell between 1 percent to 2 percent.

The Sensex closed at 32,020.75, down 16.63 points, or 0.05 per cent.

"Participants are feeling bit relieved after the IT majors' result amid expectation of bad quarter, but it's just a beginning of earning season. However, do maintain extra care in stock selection now", said Jayant Manglik, President, Retail Distribution at Religare Securities.

Most Asian stocks were trading higher in anticipation of U.S. inflation data and earnings from some large banks.

Bank Nifty has turned green trading at 23931 level, up by 47 points.

Biocon soared nearly 9 percent after its biosimilar breast cancer drug Trastuzumab received endorsement from the U.S. FDA's advisory committee.

Markets took a breather after four back to back record-setting sessions as the benchmark Sensex today hit an all-time high of 32,110 but ended with a paltry loss.

Sensex breaches 32000 mark for first time
Sensex closes at record high, crosses 32000

US stocks rose overnight and Treasuries fell as oil prices extended gains for a fourth straight session and investors digested new economic data on jobless claims and producer prices.

The BSE market breadth was bearish with 1,681 declines and 1,009 advances.

On the other hand, oil and gas index declined by 40.03 points.

BSE IT bled the most, losing 0.95 per cent in trade.

Software services exporter Infosys rallied by 1.63 per cent to Rs 992.25 after the company today reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for the June quarter. Asian cues remained mixed though.

In the European market, the pan-European STOXX 600 index rose 0.1 per cent while euro zone bluechips were little changed, Reuters reported.

In terms of the broader markets, the BSE mid-cap index rose 0.22 per cent, whereas the BSE small-cap index fell by 0.35 per cent.