On Wednesday, Nifty closed at an all time high, above 10,000 mark, for the first time.
Indian equity benchmarks closed at record high amid a bevy of better-than-anticipated corporate earnings. A broad-based rally in commodities, including iron ore and copper, helped an index of metal companies reach its highest level in almost three years.
The S&P BSE Sensex Index rose 0.5 percent to 32,382 while the NSE Nifty climbed over 0.5 percent to 10,020. This was the 51-share index’s first close above the 10,000-mark. Yes Bank Ltd and IndusInd Bank gave the biggest boost to the broad gauge.
(This was first published in BloombergQuint)
(We all love to express ourselves, but how often do we do it in our mother tongue? Here's your chance! This Independence Day, khul ke bol with BOL – Love your Bhasha. Sing, write, perform, spew poetry – whatever you like – in your mother tongue. Send us your BOL at bol@thequint.com or WhatsApp it to 9910181818.)
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)