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Indian Equities At New Highs; Auto, Healthcare Stocks Rise

Friday, June 2, 2017
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MUMBAI: With continued optimism about a normal monsoon and the Goods and Services Tax (GST) roll-out, the Indian equity markets scaled new highs again on Friday.

Besides, the upward trajectory of the key indices was supported by positive global cues and healthy buying in consumer durables, automobile and healthcare stocks.

However, some gains were capped and from their day's highs, the indices provisionally closed up less than half-a-pct each. 

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 37.40 points or 0.39 pct to a new closing high of 9,653.50 points. It touched a fresh intra-day high of 9,673.50 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, too, provisionally closed at 31,273.29 points (at 3.30 p.m.) -- a new high -- up 135.70 points or 0.44 pct from the previous day's close at 31,137.59 points.

It scaled a record high of 31,332.56 points intra-day.

The BSE market breadth was bullish -- with 1,449 advances and 1,237 declines.

Read Also:
'GST Will Help In Evolving India As Tax-Compliant Society'
India Will Grow At 7.2 Pct In 2017-18, Says World Bank


Source: IANS
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