Sensex, Nifty Seen Opening Flat

BSE Sensex opens higher

BSE Sensex opens higher

The Sensex hit fresh all-time intra-day high of 30,579.23 while the Nifty crossed the 9,500-mark for the first time during afternoon trade on Tuesday.

The 30-share barometer jumped to an all-time high of 30,322.12, up 133.97 points, or 0.44 per cent, shattering the previous record closing of 30,250.98 touched on May 11.

Healthy macro-economic data coupled with positive global cues lifted the Indian equity markets to touch record intra-highs during the morning trade session on Tuesday.

The 30-share Sensex surged 260.48 points to 30,582.6.

On May 15, the NSE Nifty rose by 44.95 points or 0.48 per cent to a new closing high of 9,445.85 points.

"Reports of Employees' Provident Fund Organisation (EPFO) looking to shore up its inflow in local stocks contributed to bullish sentiments on the domestic bourses".

The broader indices were seen underperforming the major indices with BSE Mid-cap and BSE Small-cap indices gaining 0.2 per cent and 0.3 per cent respectively.

The metal, realty, banking, FMCG, capital goods and PSU indices rose as much as 1%.

"But the concern is that non-performing sectors like telecom, IT and pharma are also participating in the rally which may cause vulnerability in the near term", said Vinod Nair, Head of Research, Geojit Financial Services.

"Fuel price cut following lower CPI (Consumer Price Index) data, and strengthening rupee was suggestive of continued interest from FIIs (foreign institutional investors)".

Catching its breath after a spectacular three-day rally, the rupee surrendered some gains against the United States currency and settled lower by 3 paise at 64.08 on fresh bouts of dollar demand.

The top gainers in the Sensex pack on Tuesday included Hero Motocorp, ITC, State Bank of India, Maruti Suzuki India, Tata Motors and Bajaj Auto.

Twenty of the 30 Sensex constituents ended higher, while overall advancing issues beat declining ones 1,435 to 1,344 and 181 stocks were unchanged.

Recommended News

  • Merkel's party wins vote in rivals' German heartland

    The SPD's vote is down by 8.6% on the last election there in 2012 - while Merkel's vote is up by nearly the same amount. Kraft told ARD television she had "asked Martin Schulz to let national politics wait until the election was over".
    Oil rises 2% on talk of longer supply cut

    Oil rises 2% on talk of longer supply cut

    Gold prices added 0.2 percent to $1,230.06 an ounce, extending Friday's 0.3 percent gain, thanks to the weaker dollar. Australia's S&P/ASX 200 rose 0.38 percent, due largely to gains in its energy sub-index, which was up 0.9 percent.

    Liverpool thrash West Ham to close in on Champions League

    Philippe Coutinho starred as Liverpool consolidated their place in the Premier League's top four with 4-0 win at West Ham. West Ham should have been level on the stroke of half-time but for an astonishing double miss from Andre Ayew.
  • Liberals eke out win as minority government

    Horgan and Clark have drawn different lessons from Tuesday's results. Liberals have failed British Columbians in a range of issues". Weaver is hoping to get to the magic number of four B.C.
    Rory McIlroy says tests show no new injury to his back

    Rory McIlroy says tests show no new injury to his back

    With 71-73-74 in his first three rounds, he got his Mother's Day started with a 50-foot putt for eagle on the par-5 second. Rory McIlroy confirmed Monday that he suffered a "low-grade response" to the rib injury he suffered earlier this year.
    France's New Prime Minister: Conservative, Pro-European And A Novelist

    France's New Prime Minister: Conservative, Pro-European And A Novelist

    Macron was the first candidate from outside the traditional political parties to win the French presidency in decades. Alexis Kohler, Mr Macron's new general secretary at the presidential Elysee Palace, made the announcement on Monday.
  • Prince Harry, Meghan Markle kiss after first public event

    Prince Harry, Meghan Markle kiss after first public event

    On Saturday, Meghan joined Harry at the annual charity event, where he hit the fields with a gorgeous horse and galloped about. Unfortunately, Pippa chose to enforce this policy after Harry's friend Tom Inskip's wedding, which Markle attended.
    Tehran mayor Qalibaf quits presidential race, backs hardliner Raisi

    Tehran mayor Qalibaf quits presidential race, backs hardliner Raisi

    Qalibaf made his decision in order to form a "strong coalition" to oust Rouhani's "inefficient and impotent" cabinet. Iran's banks are still saddled with bad loans forced on them by Ahmadinejad to finance his populist projects .
    Aaron Hernandez' Prison Boytoy: 'Devastated' By The Star's Sudden Death

    Aaron Hernandez' Prison Boytoy: 'Devastated' By The Star's Sudden Death

    Hernandez was found hanged in his prison cell on April 19, days while serving a life sentence for the 2013 killing of Odin Lloyd . Jenkins-Hernandez said the toddler would sit in Hernandez's lap, color with him and play cards during those prison visits.
  • US Justice Department to probe police shooting of Texas teen

    US Justice Department to probe police shooting of Texas teen

    Oliver fired a rifle at a auto full of teenagers leaving a party, fatally shooting Edwards who was a passenger in the vehicle. Oliver was booked on a charge of murder and was released on a $300,000 surety bond, according to jail records.
    Florida governor fights for tourism dollars in South Florida

    Florida governor fights for tourism dollars in South Florida

    People from other US states accounted for 27 million of Florida's visitors during the first three months of this year. Scott announced Monday that Kim McDougal is stepping down from her position this summer.

    Sarah Sanders says not conflict of interest Trump asked fire comey

    President Donald Trump called Comey's firing a move necessary to restore the trust and confidence in the law enforcement agency. She became a senior adviser to Trump in 2016 after managing her father's presidential bid, which attracted just one delegate.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.