Nifty new record high at 9200; Sensex up 239 points

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Nifty new record high at 9200; Sensex up 239 points

The benchmark BSE Sensex ended up 63 points or 0.21 percent at 29,649 after hitting as high as 29,824.62 in early trade as central and state finance ministers gave their final approval to GST legislation, marking an important step in India's journey towards creating a unified market.

The holiday-truncated eventful week saw the traders eagerly awaiting poll-outcome in five-states, while BJP's landslide victory in UP and impressive show in rest other states generated direct bearing on country's financial markets including rupee appreciating to multi-month highs as well as shares performing to the optimal.

Rally in markets was mostly driven by policy stance revealed by US Fed that raised rate by 25 bps.

The Nikkei was down 0.4% but Hang Seng gained 0.4%, Kospi 0.2%, Strait Times 0.3% and Shanghai 0.1%. The Nifty50 of the National Stock Exchange is up 29 points or 0.32% at 9182.70, after rising to a new high of 9218.40.

So far in 2017, foreign investors have put in an excess of Rs 24,400 crore into equities here with another Rs 5,000 crore coming into debt. The market was closed on Monday, 13 March for "Holi".

BSNL unveils Rs 339 bundles unlimited calls and 2GB data per day
Calls from the BSNL number to any other number either local or STD will be available for free for the first 25 minutes of the day. Bharti Airtel, in its appeal, had sought a stay on TRAI's approval to Reliance Jio to continue with the free promotional offer.

Advances outnumbered declines almost 3:1 on the NSE with 1,153 securities out of a total of 1,741 advancing, 490 declining and 98 remaining unchanged.

Sector-wise, Metal rose 2.92 per cent, Infra 1.38 per cent, Realty 1.25 per cent, PSU Bank 1.10 per cent, IT 1.17 per cent, Auto 0.69 per cent, Finance Service 0.66 per cent, Pharma 0.56 per cent and Energy 0.48 per cent.

The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% but may end the 3.3% higher, its biggest weekly increase since September. The 30-share benchmark index Sensex climbed 239 points. However, Hero MotoCorp dropped by 1.32 per cent, followed by Bharti Airtel, RIL and Coal India.

After the Uttar Pradesh poll results were declared, FPIs have invested more than Rs 6,000 crore in the secondary markets.

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