On Thursday, the Indian equity benchmarks increased their record-breaking streak to the second straight session. The Sensex marked an increase with 185 points to put a high of 58,907.78, whereas the Nifty50 index touched 27.80 points or 0.16% at 17547.30. The early rise was seen on Thursday in Asian shares considered by declines in China and Hong Kong.
The Sensex was up 114 points at 58,838, and Nifty advanced 42 points to 17,562, on Thursday morning. After a 0.7% decline yesterday, COMEX gold trades marginally higher near $1796/oz. Telecom stocks are in focus to rise after govt approves major reforms, and allows 100% FDI, On September 15, the union cabinet made an announcement of a moratorium of four years for the payment of the Adjusted Gross Revenue (AGR) dues, giving reassurance to the debt-strapped telcos – Vodafone Idea and Bharti Airtel. On BSE, Vodafone Idea share price increased the most hitting the upper circuit. Nifty Private Bank, Consumer Durables, Oil & Gas, Realty, PSU Bank, Metal, Auto and Bank indices also hit a high between 0.5-1 percent. Whereas IT, Media and Pharma indices were marked trading lower. ITC was the top Nifty gainer, the stock marked an increase by 7 percent to ₹ 232.
The top gainers marked are Bharat Petroleum, Tata Consumer Products, Hero MotoCorp, Bajaj Auto, State Bank of India, Eicher Motors, Power Grid, UPL, and Kotak Mahindra Bank, on the other hand, NTPC, Coal India, Tech Mahindra, Divi’s Labs, Infosys, HCL Technologies, Titan, Bajaj Finance, and TCS were among the losers. M&M Financial Services is going to enter into vehicle leasing and subscription business under ‘Quiklyz’ as the stock was trading at Rs 174.65, up to 1.22 percent. It has touched an intraday high of Rs 175.05 and an intraday low of Rs 171.20.
By 1,745 shares were advancing while 918 were declining on the BSE the overall market was marked as positive.