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August 23, Wednesday 2017 5:34 PM       

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       BUSINESS Next Article: Rupee scales near 3-week high of 64.36 ahead of RBI policy  
       Nifty scales 9,700-mark for first time, Sensex on record high
 
         Posted on :17:23:36 Jun 6, 2017
   
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       Last edited on:17:23:36 Jun 6, 2017
         Tags: Nifty scales 9,700-mark for first time
 

MUMBAI: It was a record setting spree for the markets early on Tuesday as the NSE Nifty crossed the 9,700-mark for the first time and BSE Sensex shot up by 121 points to hit a fresh all-time high of 31,430.32.

Trading sentiments got a boost as investors widened positions ahead of the Reserve Bank's monetary policy review meet tomorrow amid a mixed trend in Asian region, brokers said.

The Nifty opened at 9,704.25, topping the 9,700 mark for the first time. It then gained 34.20 points, or 0.35 per cent, to trade at 9,709.30, breaching its previous intra-day high of 9,687.20 it touched yesterday.

The 30-share BSE Sensex too was on the uptrend, climbing 120.83 points, or 0.38 per cent, to quote at 31,430.32, breaking its previous all-time high of 31,355.42 (intra-day) that it touched yesterday.

The gauge had rallied 171.90 points in the previous two sessions.

Sectoral indices led by IT, Teck, Auto, Realty, Metal, Healthcare, PSU and Banking were in the positive zone, rising up to 1.83 per cent.

Brokers also said that markets got a booster dose after the GST Council last week finalised rates for some pending commodities, which has now taken the rollout of the new indirect tax regime from July 1 a step closer.

Prominent gainers today were TCS, Infosys, GAIL, Tata Motors, Tata Steel, M&M, Sun Pharma, ICICI Bank, HDFC Ltd, rising up to 3.66 per cent.

A mixed trend prevailed in rest of Asia with Hong Kong's Hang Seng rising 0.27 per cent, while Japan's Nikkei shed 0.72 per cent in early trade today. Shanghai Composite Index down 0.14 per cent.

The US Dow Jones Industrial Average ended 0.10 per cent lower in yesterday's trade.

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       BUSINESS
Next Article: Rupee scales near 3-week high of 64.36 ahead of RBI policy
 
 
BUSINESS HEADLINES
Sensex back in green, Infosys closes up too  
PSU bank employees go on strike; services hit  
Johnson & Johnson ordered to pay Rs. 2600 cr in lawsuit linking baby powder to cancer  
PSU bank strike on Tuesday may affect services  
Markets extend losses, Infosys pulls down Sensex  
BOI considering reduction in SB rate  
Sensex slips into red, down 29 pts in late morning deals  
Banks stare at union strike on Tuesday, services may be hit  
NABARD sanctions Rs 1,350-cr loan to Rajasthan govt  
Murthy's shadow to loom large over search for Infy CEO  
Post note ban, separatists, Reds feel "fund-starved": Jaitley  
US law firms initiate investigation against Infosys  
Infosys board approves up to Rs. 13,000 cr buyback offer  
RBI to issue new fluorescent blue Rs 50 notes  
PM to launch Rs 15k-cr road projects in Rajasthan  
Sikka quits Infosys after Murthy campaign  
Nifty snaps 3-day winning spree, down 67 pts  
Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh  
RBI still has room to slash rate in current fiscal: Kidwai  
Our full sympathy with agitating Noida home buyers: FM  
Videocon names Rajesh Rathi as business head  
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
 
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