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Sensex cracks 32k code again, macro data takes focus

Wednesday, September 13, 2017

Market brimmed with confidence yesterday as the Sensex breached the 32,000 mark again by climbing 276 points to bring up a nearly one-month closing high, with the focus clearly on key macroeconomic data.

The broader NSE Nifty scaled a high of 10,097.55 before closing up 87 points -- or 0.87% -- at 10,093.05, the highest closing since August 1 when it settled at 10,114.65. July IIP data and retail inflation for August are slated for release later in the day.

With this, both benchmarks extended the gains for the fourth day in a row. Risk aversion was clearly relegated to the background after a rally in global markets as the US stocks hit a fresh record high yesterday on fading worries about North Korea and impact of Hurricane Irma on the US.

The BSE Sensex stayed above the base line throughout the session before settling higher by 276.50 points, or 0.87%, at 32,158.66 on continuous inflow of funds by domestic institutional investors (DIIs). The index had rallied 220.19 points in the previous three sessions.

Mcap of BSE-listed cos soars to record high of Rs 135 lakh cr
The total market valuation of all listed companies on the BSE yesterday touched a lifetime high of Rs 135.83 lakh crore helped by strong gains in the broader market where the key benchmark breached the 32,000-mark again. At close of trade today, market capitalisation (m-cap) of BSE-listed companies stood at Rs 1,35,83,958 crore.

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