Sensex hits new record high of 22,812; rupee down 21 paise
BSE Sensex today soared to a new record high of 22,812.36 where rupee declined by 21 paise to trade at fresh one-month low of 60.80 against the US dollar in early trade today
Mumbai: The benchmark BSE Sensex today soared to a new record high of 22,812.36 in opening trade on sustained foreign capital inflows and tracking positive domestic cues including robust corporate earnings.
The NSE index Nifty also rose 9.55 points, or 0.14 per cent, to trade at a fresh high of 6,827.20, surpassing the previous intra-day high of 6,825.45 reached yesterday.
The 30-share index, which had gained over 487 points in the previous two sessions, climbed to another record of 22.812.36 by rising 47.53 points, or 0.20 per cent.
All the sectoral indices, led by realty and capital goods, were trading in positive territory with gains up to 0.72 per cent.
Brokers said sustained buying by funds and retail investors, driven by encouraging fourth quarter earnings by bluechip companies and positive economic factors, helped the Sensex and Nifty to scale life-time highs.
The BSE realty sector index gained the most by rising 0.72 per cent, while capital goods sector index up 0.60 per cent.
In the Asian region, Japan’s Nikkei rose 0.30 per cent, while Hong Kong’s Hang Seng shed 0.24 per cent in early trade today.
The US Dow Jones Industrial Average closed 0.25 per cent higher in yesterday’s trade on the back of strong corporate earnings this season.
Rupee down 21 paise against dollar in early trade
The rupee declined by 21 paise to trade at fresh one-month low of 60.80 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.
Besides, increased demand for the US dollar from importers also put pressure on the rupee.
The local unit had lost 30 paise to close at one-month low of 60.59 against the dollar yesterday due to fresh demand for the US currency from importers, mainly oil refiners.
Dealers attributed the fall in the rupee today to dollar’s gains against other currencies overseas, but a higher opening in the domestic equity market capped the fall.
Meanwhile, the benchmark BSE Sensex rose by 47.53 points, or 0.20 per cent, to hit an all-time high of 22,812.36 in opening trade today.