Sensex Extends Record Run, Nifty Eyes 9700
- Author: Zachary Reyes Jun 05, 2017,
Jun 05, 2017, 16:36
"However, global cues were mixed, following soft NFP figure as well as upcoming United Kingdom elections", James added.
The 30-share BSE Sensex rose 36.20 points to 31,309.49 and the 50-share NSE Nifty gained 21.60 points at 9,675.10. "Interest rate sensitive realty stocks rose ahead of the RBI's monetary policy review this week", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.
June 5 Indian shares ended at their record highs on Monday, in a session driven by lenders, although gains were subdued ahead of a central bank policy meeting this week. Key indices in Asia like China, Japan, Singapore and Taiwan firmed up by 0.11 per cent to 0.68 per cent, while indices in Hongkong and South korea declined by 0.13 per cent to 0.24 per cent.
According to market observers, positive macro-economic data, coupled with inflow of foreign funds and healthy buying in consumer durables, capital goods and banking stocks kept investors' sentiments upbeat.
Meanwhile, Coal India was the top loser in Nifty, down 1.58 per cent followed by Ultratech Cement, Infosys, Gail India, Lupin and Dr Reddy's Lab, which fell between 0.7-1.5 per cent each.
Broader markets too were remained in bullish form with small-cap and mid-cap indices climbing 0.65 per cent and 0.15 per cent, respectively. About 1445 shares advanced against 1258 declining shares on the exchange. The market capitalisation of the company is Rs 1168.93 crore.