Nifty tops 10,000 for a moment, Sensex slips from record
July 25, 2017 16:46
The historic 10,000 level proved to be short-lived today as the Nifty closed with a negative bias and the Sensex lost from its life high after investors went for profit in recent gainers.
The NSE benchmark made history breaching the 10,000 level for the first time by hitting an all-time high of 10,011.30 at the outset, led by stronger-than-expected earnings by blue- chips and continuous buying by foreign funds and domestic institutions.
But a wave of profit-booking dragged the gauge down by 1.85 points, or 0.02 per cent, to settle at 9,964.55. Steady monsoon progress and smooth GST take-off had helped both the key indices scale historic highs, traders said. The flagship Sensex climbed to a fresh life high of 32,374.30 before closing down 17.60 points, or 0.05 per cent, at 32,228.27.
The NSE benchmark made history breaching the 10,000 level for the first time by hitting an all-time high of 10,011.30 at the outset, led by stronger-than-expected earnings by blue- chips and continuous buying by foreign funds and domestic institutions.
But a wave of profit-booking dragged the gauge down by 1.85 points, or 0.02 per cent, to settle at 9,964.55. Steady monsoon progress and smooth GST take-off had helped both the key indices scale historic highs, traders said. The flagship Sensex climbed to a fresh life high of 32,374.30 before closing down 17.60 points, or 0.05 per cent, at 32,228.27.
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