Latest News – Riding on good PMI numbers and strong rupee, both indices ended the day at their respective record closing highs. The manufacturing sector expanded at the fastest pace in five months in March with Nikkei Manufacturing PMI at 52.5 in March, as compared to 50.7 in February. Finance Minister pegging India’s GDP growth at 7.7% in 2018 and hopes of timely implementation of GST also aided the sentiment.
Nifty gained as much as 71 points at intra-day to reach a new high of 9,245, surpassing its previous milestone of 9,118 hit on March 17 backed by index heavyweights. L&T and Dr Reddy’s continued to be the top gainers, while Bharti Airtel and Wipro were top losers.
S&P BSE Sensex today rallied 290 points to end at record closing high of 29,910 surpassing its previous closing high of 29681.77 hit on Jan 29, 2015 while the broader Nifty50 index also settled the day at its (Read More)