Nifty breaches 9,300-mark, Sensex comes closer to 30,000-level | business-news | Hindustan Times
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Nifty breaches 9,300-mark, Sensex comes closer to 30,000-level

Market benchmark Nifty surged past the 9,300-level for the first time today, fuelled by a rally in Reliance Industries and other bluechips on upbeat earnings.

business Updated: Apr 25, 2017 15:53 IST
HT Correspondent
BSE

BSE Sensex recovered on Tuesday after the the previous day's market crash. (PTI)

Indian shares surged on Tuesday with the Nifty crossing the life high 9,300-level while Sensex coming closer to the magic 30,000-mark, propelled by a rally in Reliance Industries and other bluechips after their robust earnings results for January-March.

The Nifty closed at a historic high of 9,306.60 while the Sensex ended at 29,943.24.

Positive Asian cues and a higher opening in European markets also added to the momentum.

The 50-share NSE Nifty soared 82.45 points, or 0.89%, to quote at its new lifetime high of 9,300.40. It broke the previous record of 9,273.90 reached on April 5.

The BSE 30-share Sensex was quoting at 29,926.96 at 1430 hrs, up 271.12 points, or 0.91%.

The rupee appreciating to 64.21 against the dollar (intra-day) at the forex market too boosted sentiments.

Shares of Reliance Industries surged 1.21 per cent to Rs 1,433.50 after the company yesterday reported a record fourth quarter net profit of Rs 8,046 crore.

Other major gainers that supported the key indices were M&M, Bharti Airtel, Hero MotoCorp, Asian Paints, Power Grid, ITC Ltd, HUL, ICICI Bank and HDFC Ltd, rising by up to 3.36%.

Globally, Japan’s Nikkei surged 1.90%, Hong Kong’s Hang Seng rose 1.31%, while Shanghai Composite Index gained 0.16%.

In Europe, London’s FTSE rose 0.22%, Paris CAC 40 gained 0.18% and Frankfurt’s DAX inched up 0.03% in early deals. (With inputs from PTI)