Indian stock markets upbeat, Sensex scales 37,000 barrier
Indian stock markets scaled new peaks in intra-day deals on Thursday ahead of the expiry of July futures and positive cues from Asian markets
Bourses in India scaled new peaks in intra-day deals on Thursday ahead of the expiry of July futures and options contracts later in the day and positive cues from Asian and US markets.
At 9.20 am, the BSE Sensex was ruling at a record high of 37,002.72, up 144.49 points or 0.39%. NSE barometer Nifty also hit an all-time high of 11,172. It is trading at its highest level since January 29 this year, Business Standard reports.
They were also buoyed by the gains made by Asian and US markets after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers on industrial goods.
Among sectoral indices, public sector banks, fast-moving consumer goods, infrastructure and automotive firms were trading strong, while weakness was notable in the pharmaceuticals sector.
The major early gainers were State Bank of India, engineering giant Larsen & Toubro and leading mobile-phone-service provider Bharti Airtel.