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May 25, Thursday 2017 5:53 PM       

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       BUSINESS Next Article: AI starts direct flight between Delhi, Stockholm  
       Sensex surges to record high in late morning trade
 
         Posted on :14:12:40 May 19, 2017
   
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       Last edited on:14:29:12 May 19, 2017
         Tags: Sensex, Nifty
 

MUMBAI: Benchmark Sensex scaled a fresh lifetime high of 30,712 in late morning trade Friday on sustained buying in FMCG, realty, telecom, power and metal counters.

Sentiment was also bolstered by the progress on the GST front, with the GST Council finalising rates for most goods.

The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent.

The Sensex resumed higher at 30,539.65 and advanced to 30,712.35. It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent.

The NSE 50-share Nifty was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs.

Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs. 360.59 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs. 897.96 crore.

Overseas, Asian stocks were mixed as investors were cautious due to uncertainties surrounding US President Donald Trump after reports that he tried to influence a federal investigation.

US stocks closed higher yesterday, following the previous session's brutal sell-off, as positive data offered a glimmer of optimism.

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       BUSINESS
Next Article: AI starts direct flight between Delhi, Stockholm
 
 
BUSINESS HEADLINES
Mizoram GST Bill passed unanimously  
Sensex sheds 206 pts on profit-booking  
RBI refuses to disclose list of loan defaulters  
Nifty pares initial gains, ends flat  
Maharashtra Assembly passes GST Bill  
GST is Modi Govt's 'biggest achievement': ASSOCHAM  
Exporters to get tax refund under GST within 7 days: Nirmala  
GST won't affect financial autonomy of local bodies: Maha govt  
GST: Fin Min warns industry against hiking prices arbitrarily  
GST Bill is going to be consumer friendly: Jaitley  
Sensex surges to record high in late morning trade  
AI starts direct flight between Delhi, Stockholm  
Paytm raises $1.4 bn funding from SoftBank  
Sensex dives 224 pts, Nifty cracks below 9500  
Sensex, Nifty extend bull run, hit record highs  
BSNL signs pacts with Facebook, MobiKwik  
Govt clears new coal linkage policy  
Markets conquer new peaks, Nifty scales 9,500  
Gold climbs by Rs. 55 on positive global leads  
11 PIOs in Forbes's list of best venture capitalists  
Digitisation will curb shadow economy, says Meghwal  
Snapdeal-Flipkart deal may leave staff richer by Rs 193 cr  
I-T dept launches facility to correct errors in PAN, Aadhaar  
Idea Cellular Q4 loss at Rs 325.6 cr as Jio entry takes toll  
'AI can play key role in good governance'  
 
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