Bikaner: Stock brokers keep a close eye on share prices, in Bikaner on July 8, 2019. Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices -- Sensex and Nifty -- fell over 2 per cent. The 30-scrip Sensex closed 792.82 points or 2.01 per cent lower at 38,720.57 and the broader Nifty50 declined by 252.55 points or 2.14 per cent to 11,558.60. (Photo: IANS)
Reading Time: < 1 minute

Mumbai, Dec 18 (IANS)

Sensex and Nifty on Wednesday traded near record levels during the early trade, over favorable global cues and sustained inflow of foreign funds.

PC Jewelers fell over 7 per cent on the BSE after market regulator SEBI ordered impounding of alleged unlawful gains of more than Rs 8 crore made by two promoters and related entities of the company in an insider trading case.

At 10.14 a.m. the Sensex was up 63.12 points at 41,415.29. It opened at 41,442.75 from its previous close of 41,352.17.

The Nifty was trading at 12,174.75, higher by 9.75 points.

Despite the rising inflation and weak growth, the markets have been marching forward owing to the strong inflow of FII and favorable interest rate by global central banks.

On Tuesday, Foreign Portfolio Investors pumped in Rs 1,248.47 crore worth of scrips while it’s domestic counterpart sold stocks worth Rs 908.16 crore.

Leave a Reply

Please Login to comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of