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Indian equity markets gain, Nifty trades above 9,900-mark (Lead)

Monday - July 17, 2017 1:24 pm , Category : BUSINESS
 Indian equity markets gain, Nifty trades above 9,900-mark (Lead)
Indian equity markets gain, Nifty trades above 9,900-mark (Lead)

Mumbai July 17 (IANS) With the onset of quarterly results and Parliament s monsoon session the Indian equity markets traded with gains during the mid-afternoon session on Monday.



The wider Nifty of the National Stock Exchange (NSE) which breached the 9 900-mark intra-day for the first time on July 14 traded firm above that level -- at 9 908.80 points (at 1.00 p.m.) up 22.45 points or 0.23 per cent from the previous session s close.

It touched an intra-day high of 9 920.30 points.

The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 32 053.98 points traded at 32 083.77 points -- up 63.02 points or 0.20 per cent from its previous close at 32 020.75 points.

The Sensex has so far touched a high of 32 131.92 points and a low of 32 053.98 points during intra-day trade.

The BSE market breadth was bullish with 1 279 advances and 1 225 declines.

"Indian markets opened at record high. Both the Nifty and the Sensex opened gap-up and hit levels of 9 920 and 32 131 respectively (intra-day). The Nifty50 which opened with a gap hit a fresh record high of 9 920 on Monday but pared gains as investors preferred to book some profits at higher levels " said Dhruv Desai Director and Chief Operating Officer of Tradebulls.

"Sensex firmed up 74 points aided by fresh buying by participants and availability of more foreign capital. BSE mid-cap and small-cap were trading in green while healthcare and FMCG were trading in red."

On Friday the benchmark indices closed on a nominally lower note. The NSE Nifty slipped by 5.35 points or 0.05 per cent to close at 9 886.35 points while the Sensex ended at 32 020.75 points -- down 16.63 points or 0.05 per cent.

--IANS
ppg/vt

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