The country’s premier equity markets, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), ended at a new all-time-high for another day today on solid performance in corporate earnings as well as expectations that the Reserve Bank of India (RBI) may cut key rates in its Monetary policy meet tomorrow also boosted the investors’ sentiments.
The BSE Sensex went up by 60.23 points to 32,575.17, while the Nifty of NSE advanced by 37.55 points to 10,114.65. The Sensex went up by 65 points to 32,579.80 in early trade, but it slipped by 52 points to a day’s low of 32,462.25 at noon. It erased early losses in late trade and ended positive at 32,575.17, up by 60.23 points as compared to its last close. The Nifty recorded a day’s high and low at 10,128.60 and 10,065.75, respectively.
The S&P BSE Mid-Cap index rose 0.45 per cent, outperforming the Sensex. The BSE Small-Cap index declined 0.12 pc, underperforming the Sensex. The sectoral indices that shot up were Metal, Consumer Discretionary Goods & Services, Industrials and Materials kept the gaining trend intact. However, selling in Power, Capital Goods and Technology capped its further gains, brokers informed. The market breadth was weaker on BSE, as 1,618 shares fell while 1,055 others rose and 166 were unchanged. The total turnover on BSE amounted to Rs 3,180.47 crore, compared with a turnover of Rs 3,689.18 crore registered during the previous trading session.