Sensex at a fresh record high, Nifty hits 11,300 for first time

Banks big gainers with PSU banks seeing a big surge

Mumbai.

Equity benchmarks have clocked fresh record highs on Monday morning, with the Nifty hitting 11,300 for the first time, while the Sensex is also well above 37,400-mark.

The Sensex is up 92.84 points or 0.25% at 37429.69, and the Nifty up 21.10 points or 0.19% at 11299.50. The market breadth is positive as 434 shares advanced, against a decline of 123 shares declined, while 55 shares were unchanged.

Banks are the big gainers of this morning, with PSU banks seeing a big surge, led by Bank of Baroda. ICICI Bank is trading strong post its June quarter results as well. The midcap index is up around quarter of a percent. Meanwhile, the Bank Nifty has also hit a fresh record high.

Rupee opens:

The Indian rupee opened lower by 5 paise at 68.70 per dollar on Monday versus Friday’s closing 68.65.

On Friday, rupee rose for the third consecutive session against the US dollar ahead of important major central bank policy meetings scheduled this week.

RBI’s monetary policy statement will be released this week and expectation is that the central bank would hold rates unchanged but any hawkish comments could extend gains for the rupee.

On Friday, data released by RBI showed India’s FX reserves rose marginally by USD 67.7million to USD 405.14billion for the week ended July,20.

Rupee opens: The Indian rupee opened lower by 5 paise at 68.70 per dollar on Monday versus Friday’s closing 68.65. On Friday, rupee rose for the third consecutive session against the US dollar ahead of important major central bank policy meetings scheduled this week. RBI’s monetary policy statement will be released this week and expectation is that the central bank would hold rates unchanged but any hawkish comments could extend gains for the rupee, said Motilal Oswal. On Friday, data released by RBI showed India’s FX reserves rose marginally by USD 67.7million to USD 405.14billion for the week ended July,20.
Jul 30, 09:03 AM (IST)

Market at pre-open: Pre-opening trends indicate that the Sensex and Nifty are likely to have a good start, with the Nifty trading well above 11,250-mark.

At 09:01 hrs IST, the Sensex is up 138.45 points or 0.37% at 37475.30, and the Nifty down 5.90 points or 0.05% at 11272.50.

Shares of Bank of Baroda and Reliance Industries are higher in pre-opening trade after their June quarter numbers.

Back to top button