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Wednesday, March 15, 2017


Nifty opens at all-time high, Sensex soars 160 pts; HCL Tech gains 3%

After a day of consolidation, equity benchmarks opened sharply higher on Thursday, with the Nifty hitting all-time high after the Federal Reserve raised rates and ahead of GST Council meet.

The 30-share BSE Sensex was up 156.94 points at 29,555.05 and the 50-share NSE Nifty gained 53.90 points at 9,138.70. About 831 shares advanced against 172 declining shares on the BSE.

Adani Ports, HUL, BHEL, L&T, ONGC, Hindalco and HCL Technologies gained 1-3 percent whereas Hero Motocorp fell half a percent.

Federal Reserve on Wednesday raised interest rate by 25 basis points and set a range for interest rate at 0.75-1 percent but kept a dovish stance. It forecast 3 rate hikes each in 2017 and 2018.

The Indian rupee gained further today and opened at over one year high at 65.40 per dollar, gain of 29 paise versus previous close o f65.69.

Asian markets were mixed, after the Bank of Japan held rates steady and the Federal Reserve raised rates.

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