Stocks off from record highs; Coal India, ITC advance

Updated: Wed, Jan 10, 2018
12:10 am
PTI
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The benchmark BSE Sensex retreated

from record high level to trade higher by 74 points in late

morning trade on bouts of buying in key frontline shares of

energy, telecom, consumer durables and metal sectors amid

higher Asian cues.

Earlier, the Sensex hit a fresh record high of 34,487.52

while NSE Nifty touched life-time high of 10,659.15 on smart

gains in Coal India, Tata Motors, ITC and Reliance.

Coal India touched a day's high of Rs 310 before trading

at Rs 304.40, up by 5.75 per cent, after it raised prices of

non-coking fuel.

The scrip attracted a lot of investors as over 11 lakh

shares were traded on BSE while the trading volume on NSE was

over 2 crore in morning session.

Caution crept ahead of earning results of index

heavyweights.

Profit-booking was seen in IT and Teck sectors. Wipro and

TCS fell up to 1 per cent while Bajaj Auto, Hero MotoCorp and

Maruti dropped up to 0.80 per cent in morning trade.

The 30-share Sensex was trading higher by 74.68, or

0.22 per cent, at 34,427.47 at 1100hrs.

The broader Nifty of the NSE was trading marginally

higher by 7.50 points, or 0.07 per cent at 10,631.10.

Major gainers were Coal India 6.22 per cent,

Tatamtrdvr 1.81 per cent, ITC 1.75 per cent, Tata Motors 1.49

per cent and Yes Bank 1.47 per cent.

Foreign portfolio investors (FPIs) net bought shares

worth Rs 692.83 crore while domestic institutional investors

(DIIs) sold equities to the tune of Rs 206.30 crore,

provisional data showed.

Asian markets were trading higher as investors in the

region digested earnings guidance from tech heavyweight

Samsung Electronics and kept an eye on ongoing inter-Korea

talks.

-- Rupee up 3 paise against US dollar --

The rupee is trading up by 3 paise to 63.48 per dollar in

late morning deals against the American currency on sustained

bouts of dollar selling by exporters and banks amid higher

local equities.

The rupee opened higher at 63.48 per dollar from

yesterday's closing level of 63.51 at the inter-bank foreign

exchange market today.

The Indian unit hovered between a high of 63.45 and

low 63.53 during morning trade, before it was quoting at its

opening level of 63.48 per dollar at 1030 hrs.

The US dollar was trading subdued against its major

rivals in early Asian trade, as yen jumped after the Bank

of Japan trimmed its buying of long-dated Japanese government

bonds in market operations. -- Rupee up 3 paise against US

dollar --

The rupee is trading up by 3 paise to 63.48 per dollar in

late morning deals against the American currency on sustained

bouts of dollar selling by exporters and banks amid higher

local equities.

The rupee opened higher at 63.48 per dollar from

yesterday's closing level of 63.51 at the inter-bank foreign

exchange market today.

The Indian unit hovered between a high of 63.45 and

low 63.53 during morning trade, before it was quoting at its

opening level of 63.48 per dollar at 1030 hrs.

The US dollar mostly trading subdued against its major

rivals in early Asian trade, while yen jumped after the Bank

of Japan trimmed its buying of long-dated Japanese government

bonds in market operations, helping to stoke speculation about

a future exit from its massive stimulus policy.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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