NSE glitch: Investors continue to face issues

Judith Bessette
Julho 12, 2017

The broader NSE Nifty closed up 0.15 percent to 9,786.05, after it crossed 9,800 for the first time. Nifty had climbed a record or an all-time high of of 9,709 on June 6.

Kicking off the earnings season, IndusInd Bank remained flat even after it posted a almost 27% increase in quarterly net profit, helped by higher interest income.

Despite the technical snag with the NSE, stock markets on the Dalal Street rallied as BSE benchmark Sensex touched a record high of 31,768.39 points, surging by over 355 points.

The NSE is by far the larger index of the two, and hence any disruption is felt more widely.

The BSE Sensex gained over 31 points to end at a new peak of 31,747.09. During the session, it shuttled between 9,824.95 and 9,787.70.

Today s session started on a positive note owing to cheerful mood across the globe. "Quarterly results and their impact to the current high valuation will be eagerly watched", said Vinod Nair, Head of Research, Geojit Financial Services.

IBGE aponta que vendas do varejo caíram 0,1% no mês de maio
Em relação a maio de 2016, o varejo ampliado cresceu 4,5% tanto para o volume de vendas, quanto para receita nominal de vendas. Na comparação de maio com o mês imediatamente anterior, houve uma queda de 0,1% no volume de vendas do comércio.

Experts expect consolidation with some profit booking in near term, especially after the market hit fresh record highs.

Other contributers were ICICI Bank, SBI, Tata Motors, PowerGrid and NTPC. They gained up to 1.58 per cent in their stock values.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) bought stocks worth Rs 182.05 crore while domestic institutional investors (DIIs) invested Rs 335.75 crore.

Stocks of liquor companies were back in demand after a favourable Supreme Court order on Tuiesday.

In tandem with overall trends, the broader markets too turned bullish as buying activity gathered momentum lifting the mid-cap index by 0.67 per cent and small-cap by 0.43 per cent. Meanwhile, other Asian shares and the dollar cautiously edged higher on Tuesday, as investors awaited testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten USA monetary policy.

The NSE's plans for a listing that bankers say could raise as much as $1 billion have been delayed by a regulatory probe due to its disclosure in December that some brokers may have been provided unfair access to its servers in recent years.

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