The Sensex, which rose for the fifth straight day, has closed at a new peak in each of last three sessions. Brokers said trading activity also picked up pace ahead of the expiry of monthly equity derivatives on Thursday.
Defence stocks were in the limelight and rose by up to 20 per cent on Wednesday after government notified increase in FDI limit to 49 per cent through approval route in the sector. The benchmark S&P BSE 30-share Sensex resumed on strong footing and traded in a range between 26,599.12 and 26,492.50 before registering its fresh closing high of 26,560.15, a net rise of 117.34 points or 0.44 per cent. It surpassed its previous closing peak of 26,442.81 logged on Tuesday.
The 50-issue CNX Nifty of the NSE also opened higher and moved in a tight range of 30 points before ending up by 31.30 points or 0.40 per cent at 7,936.05 — new closing peak. Its previous peak on closing basis was 7,913.20 (
Select shares from refinery, auto, IT, consumer durables, banking and FMCG segments were in demand. Realty, power and metal sectors attracted profit-booking. "Positive global cues and likelihood for further monetary stimulus from
Sentiments remained upbeat after
Most Asian indices rose tracking
The Indian rupee on Wednesday edged
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced weak at 60.47 a dollar from previous close of 60.43. It moved in a tight range of 60.3925 and 60.51 before concluding at 60.45, logging a small loss of
On Tuesday, it had risen 13 paise or 0.21 per cent to end at 60.43 — its best closing since
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