BSE Sensex breaches 32,000 mark for first time

  • BSE Sensex breaches 32,000 mark for first time
13-07-2017 | Pratidin Bureau. |

The Bombay Stock Exchange (BSE) Sensex breached the 32,000 mark for the first time ever in morning trade today. The Sensex at BSE surged to the record high after the consumer inflation rate eased to its lowest in five years.

The Nifty at the National Stock Exchange (NSE) also touched a new intra-day peak, and had later climbed 60 points, to 9,876.

Stocks rose amid expectations of an interest rate cut by the Reserve Bank of India after retail inflation in June fell to a “record low”. Investors were also encouraged after the US central bank Chief, Janet Yellen indicated a gradual approach to raising interest rates.

Accoding to sources, healthy buying in energy sector stocks pushed Indian equity markets higher. Also at the Foreign Exchange market, the rupee had strengthened 11 paise to 64.43 against the dollar in afternoon deals.

Later, the Sensex at BSE remained strong and had surged 236 points, or 0.7 percent, to 32,041 a short while ago.

Tags : Stock Exchange BSE NSE Trade

Leave a reply.