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Sensex surges to record high in late morning trade

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May 19, 2017 11:40


Benchmark Sensex scaled a fresh lifetime high of 30,712 in late morning trade today on sustained buying in FMCG, realty, telecom, power and metal counters. Sentiment was also bolstered by the progress on the GST front, with the GST Council finalising rates for most goods.

The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent. The Sensex resumed higher at 30,539.65 and advanced to 30,712.35.

It was quoting at 30,619.16 at 1100 hrs, showing a rise of 184.37 points or 0.61 per cent. The NSE 50-share Nifty was also up 52.20 points or 0.55 per cent at 9,481.65 at 1100 hrs. Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent.

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