Sensex News: India’s Equity Indices Extend Their Rally To Fresh All-Time Highs

Sensex News:  India’s Equity Indices extended their rally to fresh all-time highs during the session today. However, selling at higher levels erased all the day’s gains to end with losses snapping their four-day winning run.

At close, the 30-share pack hit a fresh record high of 79,672 but eventually ended with a loss of 210 points, or 0.27 per cent, at 79,033. The Nifty 50 hit a fresh record high of 24,174 during the session but failed to hold altitude and ended 34 points, or 0.14 per cent, lower at 24,011.

However in the broader market at the BSE, the mid and small-cap segments ended with gains. The BSE Midcap index rose 0.41 per cent, and the Smallcap index ended 0.56 per cent higher.

In the Sensex index, 10 out of 30 companies registered gains. The top three gainers today were RELIANCE 2.31 percent, TATA MOTORS 1.86 percent and ASIAN PAINT 1.31 percent.

Also read: Gold And Silver Prices Decline Today At Multi Commodity Exchange

Conversely, the three major laggards were, IndusInd Bank Ltd 2.61 percent, AXIS BANK 2.05 percent and Bharti Airtel 1.8 percent.
In Sectoral Indices at the BSE, 12 out of 20 logged gains. The top three gainers were, Energy 1.64 percent, Oil and Gas 1.52 percent and Metal 0.70 percent.

Whereas, Bankex 1.04 percent, Telecommunication 0.65 percent and Financial services 0.52 percent were the three major laggards.

The overall Market breadth was positive. Out of 4,012 Companies, the shares of 2,180 companies advanced, 1,725 declined and 107 remained unchanged.

In the Forex market today, the Indian rupees marginally appreciated and closed at 83 rupees and 38 paisa against US dollar. The dollar index, which indicates US dollar’s strength against a basket of six other leading currencies, was marginally up at 105.94 in intra-day trade.

Oil prices climbed today amid concerns around demand from China and prospects of higher supply from key producers’ counter risks from geopolitical tensions.

Brent crude was up by 0.36 percent, to 86 dollars and 70 cents per barrel. The U.S. West Texas Intermediate (WTI) crude rose 0.35 percent, to 82 dollars and 03 cents per barrel, when reports last came in.

At the Multi Commodity Exchange, Gold and Silver prices are positive today. The precious metal, for August contract, was up by 0.22 percent and trading at 71,730 rupees per 10 grams.

Silver for July contract, was also up by 0.97 percent and trading at 87,892 rupees per kilogram when the reports last came in. In the global markets, gold was trading 0.34 percent up at 2,344 dollars and 50 cents per ounce on Comex. Meanwhile, Silver was trading up by 1.31 percent at 29 dollars and 64 cents per ounce in the intra-day session, when the reports last came in.