Sensex Croses 32,000 Mark, Nifty Inches Towards 9,900

This is the first time that the Sensex has crossed the psychologically important mark of 32,000.

Mumbai, July 13: Benchmark indices performed well on Thursday’s opening session with both Sensex and Nifty reaching new highs. Significantly, the 30-sensitive Bombay Stock Exchange hit an all time high of 32,036.10 after gaining 228.75 points or 0.72 per cent.

This is the first time that the Sensex has crossed the psychologically important mark of 32,000. Meanwhile, National Stock Exchange’s benchmark index, Nifty, gained by 65.75 points or 0.67 per cent to open at  9,881.85. The key gainers were banking, infrastructure and FMCG stocks.

Globally markets displayed positive trends after US Federal Reserve chief, Janet Yellen,  indicated that the reserve would adopt a gradual approach to hiking interest rates. Meanwhile, reports of Consumer Price Index and IIP saw a slump, indicating a drastic decrease in inflation.

The top gainers in the 30-scrip BSE included ITC, ICICI Bank, Axis Bank and Tata Steel; that gained by 1.81, 1.50, 1.18, 1.07 per cents. The entities that lost the most according to the Bombay Stock Exchange’s benchmark index were ONGC, Tata Motors, Mahindra and Bajaj Auto that lost by 0.89, 0.42, 0.15 and 0.11 percentage points each.

Meanwhile, similar trends were recorded by the National Stock Exchange wherein the maximum gainers were India Bulls Housing Finance, ICICI Bank, ITC and Axis Bank that gained by 1.98, 1.73, 1.63 and 1.55 percentage points. On the other hand, the maximum losers were Infratel, Indian Oil Corporation, ONGC and Tata Motors that lost by 1.92, 1.34, 1.04 and 0.40per cents respectively.