Stocks off from record highs; Coal India, ITC advance
12:10 am
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US unveils plans to extend scrutiny of foreign investmentThe 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.)
