Sensex hits 32,500 in opening trade, Nifty touches record high, Yes Bank jumps 4% | Indian Share Market

Indian Share Market


Sensex hits 32,500 in opening trade, Nifty touches record high, Yes Bank jumps 4%

Mumbai: The BSE Sensex opened at a record high of 32,566.82 points on Thursday. The broader NSE’s Nifty, too, rose to a new record high of 10,084.65 points. The Indian rupee trades at 10-week high against the US dollar. The shares of HDFC, Asian Paints, HUL rose, whereas the shares of Cipla and SunPharma fell.

9.30am: Yes Bank rose 4% to Rs1,774.95 after the bank reported better then expected earnings. The bank reported a net profit of Rs 965.52 crore, up 32% from previous close. Gross non-performing assets (NPAs) as a percentage of total advances stood at 0.97% in the quarter under review, compared to 0.79% in the year-ago quarter. In January-March quarter it was 1.52%

9.25am: HCL Technologies Ltd rose 2% to Rs909. The company reported a 10.7% sequential fall in net profit at Rs2,210 crore for the June quarter. Revenue for the quarter rose 0.8% quarter-on-quarter to Rs12,149 crore.

9.20am: L&T Finance Holdings Ltd rose 2.6% to Rs164.80 after it reported consolidated net profit growth of 49% at Rs. 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality.

9.18am: HDFC rose 1.3% to Rs1,655. HDFC reported a 16.84% decline in its June quarter net profit to Rs1,566 crore. However, the 1,871 crore profit it recorded a year ago was boosted by a one-time gain of Rs697 crore.

9.15am: The rupee opened at 64.21 a dollar and touched a high of 64.13, a level last seen on 17 May 2017. At 9.15am, the rupee was trading at 64.13 a dollar, up 0.37% from Wednesday’s close of 64.37.

9.10am: The 10-year bond yield was at 6.444%, compared to its previous close of 6.43%. Bond yields and prices move in opposite directions.

9.00am: Asian currencies were trading higher as dollar weakened after the US Federal Reserve indicated that a period of weak inflation continues and left rates on hold. South Korean won was up 0.81%, Taiwan dollar 0.52%, China renminbi 0.33%, Japanese yen 0.26%, Thai baht 0.24%, Malaysian ringgit 0.22%, Philippines peso 0.21%, Indonesian rupiah 0.2%, China offshore 0.17% and Singapore dollar 0.13%.

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