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Sensex declines to 22,514.30 after touching record-high

Mumbai (PTI): The benchmark BSE Sensex declined to 22,514.30 in morning trade today after touching another intra-day record-high of 22,620.65.

The NSE Nifty also eased by 9.65 points, or 0.14 per cent, to 6,742.90 after registering an all-time high of 6,776.75 earlier in the day.

However, foreign institutional investors (FIIs) continued their buying spree and invested net Rs 594.67 crore yesterday, as per the provisional data from the stock exchanges.
Major gainers were Hindalco (2.31 per cent), SSLT (1.51 per cent), Dr Reddy’s Lab (1.23 per cent), Tata Steel (1.16 per cent), Sun Pharma (1.09 per cent), Cipla (0.60 per cent) and Tata Motors (0.59 per cent).

Asian stocks rose for the seventh day in the longest rally this year amidst Chinese government announcing stimulus policies.

Key benchmark indices in Hong Kong, South Korea, China, Japan and Singapore were up between 0.03-0.87 per cent while Taiwan Weighted fell 0.18 per cent.

US stocks rose yesterday with the Standard & Poor’s 500 Index extending a record as data showing companies added to payrolls last month fuelled optimism on growth in the economy.

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