Monday, 10 July 2017

Market Live: Nifty hits Record high, Sensex eyes 31,600 points, IT Stocks Jump

The BSE Sensex opens at a record high on Monday as it hits 31,595.46 points on Monday. The broader NSE’s Nifty, too, set a new record by hitting 9,765.90 points in early hours. The Indian rupee trades stronger against the US dollar. The shares of TCS, Tata Motors, Bharti Airtel rise, whereas the shares of Adani Ports and HDFC fall.

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■ 9.30am: Tata Motors Ltd rose 2.7% to Rs448.45 after the company reported retail sales of 51,591 units for June, up 11% from the same month last year. During the April-June quarter, the company retailed 1,37,463 units, up 3.5% from the same period of last year.

■ 9.24am: BSE Sensex trades higher by 199 points, or 0.64%, to 31,560, while the Nifty 50 rises 22 points, or 0.22%, to 9,687.

■ 9.22am: Biocon Ltd fell 5% to Rs321.05 after the company said that while it has received GMP approval for its biologics drug substance facilities from French Regulator ANSM, its drug product unit will need to be re-inspected.

■ 9.20am: Care Ratings Ltd rose 10% to Rs1,725.05 after ET reported that Fitch looking to buy into the Mumbai-based ratings agency just about 10 days after rival Crisil bought Canara Bank’s 8.9% stake in CARE.

■ 9.15am: The rupee opened at 64.56 a dollar. At 9.15am, the rupee was trading at 64.53 a dollar, up 0.10% from its Friday’s close of 64.60.

■ 9.10am: The 10-year bond yield was at 6.543%, compared to its previous close of 6.532%. Bond yields and prices move in opposite directions.

■ 9.00am: Asian markets gained in morning trade. Stocks rose helped by US markets gains over the weekend. S&P 500 gained 0.64% to 2,425 on strong employment date.

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