Sensex, Nifty Retreat From Record Highs: 10 Points
- Top laggards in the Sensex pack in early trade were NTPC (-0.10 per cent), Infosys (-0.37 per cent), Wipro (-0.43 per cent), HDFC Bank (-0.89 per cent), HDFC (-0.94 per cent) and Tata Motors (-3.73 per cent).Â
- The main losers in the 50-share Nifty index in the morning session were Tata Motors (-3.90 per cent), Eicher Motors (-1.28 per cent), IndiaBulls Housing Finance (-0.91 per cent), Infosys (-0.81 per cent) and NTPC (-0.81 per cent).
- Major gainers in the 30-share Sensex pack were Vedanta (+2.72 per cent), Axis Bank (+0.99 per cent), Hero MotoCorp (+0.82 per cent), SBI (+0.80 per cent), YES Bank (+0.79 per cent) and Tata Steel (+0.74 per cent).
- IOC (+2.01 per cent), Bajaj Auto (+1.59 per cent), Hindustan Petroleum (+1.58 per cent), GAIL (+1.43 per cent) and Vedanta (+1.42 per cent) were leading the pack of Nifty gainers.
- HDFC Bank, Maruti Suzuki and Infosys contributed to the Sensex's losses.
- In the forex market, the rupee depreciated by 5 paise to 68.59 against the US dollar in early trade today.
- In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent, while Japan's Nikkei stock index gained 0.7 per cent, stated a report by news agency Reuters.
- Reserve Bank of India is likely to raise interest rates later in the day while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth.
- Thirty-seven of 63 economists in a Reuters poll last week said the RBI will raise rates today, while 22 said the next hike would come later this year, or early in 2019.
- On Tuesday, the Sensex marked a higher closing for the eighth consecutive session at 37,606.58. The Nifty also registered a fresh record closing high of 11,356.50. (With Agencies inputs)
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