Infosys, Wipro power Sensex to new highs

Tobacco industry body asks GST Council to roll back increase in cess on cigarettes

Higher cess on cigarettes to affect industry, farmers: TII

Mumbai: Showing renewed strength, the Nifty closed above the 9,900 level for the first time and the Sensex set a fresh life high on Tuesday, building on optimism about corporate earnings.

The BSE 30-share barometer after dipping to a low of 31,626.44 points at the outset, recovered partially to quote 299.24 points, or 0.93 per cent down at 31,775.54. At one point, Sensex cracked by nearly 400 points to hit the day-low of 31,626.44 The 30-share BSE Sensex opened at 31,775.54, down by 299.24 points while the broader 50-share NSE Nifty slipped 83.25 points to open at 9,915.95.

The company's market valuation on BSE went up by Rs3,948.99 crore to Rs1,30,224.99 crore.

However, the BSE market breadth was bearish with 1,382 declines and 1,294 advances.

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Johnson, 57, a former five-time NBA champion and current Lakers President of Basketball Operations, has taken Ball under his belt. He's responsible for two triple-doubles as well. "He obviously had a very special game too and he's a very special player".

On the currency front, the rupee strengthened by 10 paise to 64.35 to a USA dollar from its previous close at 64.45. "Indian shares climbed, with key equity benchmarks touching record highs for the sixth straight day", said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

Stocks of ITC suffered the most by falling 11.90 per cent to Rs 287 after the GST Council had yesterday hiked cess on cigarettes.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased scrip worth Rs 328.61 crore, while domestic institutional investors (DIIs) divested stocks worth Rs 447.14 crore.

Hong Kong's Hang Seng was down 0.19 per cent, Japan's Nikkei shed 0.68 per cent and Shanghai Composite Index was down 0.62 per cent in their early deals. Buying was witnessed in IT stocks and Wipro ended the session with gains of over 3%. On NSE, they rose by 2.69 per cent to end at Rs 266.85.

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