The record closing high trend for equity benchmarks continued for third consecutive session on Wednesday, 12th July 2017 with the Nifty holding 9,800 level for the first time. Investors looked ahead for corporate earnings (TCS & Infosys); and the data of June retail inflation & May industrial output due later today.
The 30-share BSE Sensex rose 57.73 points to 31,804.82 and the 50-share NSE Nifty gained 30.05 points at 9,816.10, backed by positive global cues.
The broader markets gained strength in later part of the session, with the BSE Midcap index up 1 percent and Smallcap up 0.6 percent on positive breadth. About 1,478 shares advanced against 1,204 declining shares on the exchange.
European bourses were higher as investors digested corporate earnings and looked ahead to comments from Federal Reserve Chair Janet Yellen. France’s CAC, Germany’s DAX and Britain’s FTSE were up nearly 1 percent at the time of writing this article. However, Asian markets closed mostly lower, with Japan’s Nikkei down 0.5 percent.