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Yet Another Milestone, Sensex Ends Near 30700, Nifty Closes At 9525; Tata Companies Ends In Lead

Indian benchmark stock indices opened marginally higher than yesterday, making new highs yet again today, but soon gave up the peaks, as caution prevailed ahead of a crucial GST panel meet in Srinagar starting tomorrow. Markets are also believed to be watching out for more corporate results to affirm whether the broader the broader earnings trend has been positive. The BSE Sensex rose to 30,642.9 points in the opening trade, topping the 30,600 level for the first time ever, while the NSE Nifty rose to a new life-time high of 9,521 points, before paring down.

Meanwhile, US share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the US president’s ability to push through an aggressive stimulus programme that investors had been banking on since his election last November. US economic data published on Tuesday was mixed after soft retail sales and inflation data on Friday, also undermining investors’ optimism on the US economy.

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