St hits new record on earnings surge, liquidity

12:21 PM	
				
 		
 	
 	 						
			
	Performance of BSE 50 stocks

Investors are looking forward to the announcement of the Reserve Bank of India's monetary policy meeting, which begins today, along with a slew of earnings numbers.

On BSE, 1,056 stocks were advancing whereas 1,618 stocks were lagging when the session ended.

The broader NSE index closed up 0.63 percent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 percent. The Sensex touched an all-time high of 32,632.02 during the session while the Nifty hit a record high of 10,128.60.

"L&T, the engineering and construction conglomerate, rose 3.97 per cent after the company on Friday reported better-than-estimated earnings for the first quarter with a 50.59 per cent jump in consolidated net profit, which in turn helped the NSE index".

The S&P 500 information technology dipped 0.53 per cent, with Facebook falling 1.86 per cent and Alphabet, Google's parent company, down 1.34 per cent.

The rupee opened at 64.10 per United States dollars against Monday's closing rate of 64.18.

Foreign portfolio investors (FPIs) net sold shares worth Rs 1,196.94 crore while DIIs bought shares worth Rs 1,768.43 crore yesterday, showed provisional data.

The shares of ICICI Bank, ITC, TCS, Maruti Suzuki remain the top point-wise contributor in lifting the benchmark indices higher.

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 47.9 in July, down from 50.9 in June, its lowest mark since February 2009.

On Monday, the benchmark indices closed in the green on the back of broadly positive global cues and intense buying activities in banking, consumer durables and capital goods stocks.

Major Sensex losers were: Lupin, down 1.36 per cent at Rs 1,018; ONGC, down 1.21 per cent at Rs 167.30; State Bank of India, down 1.20 per cent at Rs 308.80; Asian Paints, down 0.98 per cent at Rs 1,148.10; and Kotak Bank, down 0.67 per cent at Rs 1,012.90.

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