Sensex hits 20000; June WPI inflation stays below 5%
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12:30pm The BSE Sensex
touched 20000-mark for the first time since May 31st, especially after
the inflation staying below the 5 percent level. European markets too
are quite supportive.
The index is up 42.44 points at 20000.91, and the Nifty is up 8.90 points at 6017.90.
The broader markets gained strength; the BSE Midcap Index rose 0.7 percent and Smallcap is up 0.5 percent.
Gitanjali Gems
is locked at 5 percent lower circuit for the third week. It has been
under pressure from last month, after RBI and SEBI norms on import of
gold.
France's CAC, Germany's DAX and Britain's FTSE rose 0.5 percent each in early trade Monday.
12:20pm Equity benchmarks gained marginal strength after the WPI inflation staying below the 5 percent level in June as well.
Wholesale Price Index inflation rose marginally to 4.86 percent in June
as against 4.7 percent in May (provisional), but it was
better-than-forecast of 5 percent.
The BSE Sensex is up 13.53 points at 19972.00, and the Nifty is up 0.30 points at 6009.30, but the broader markets outperformed benchmarks.
Advancing shares outpaced declining ones by 1062 to 842 on the Bombay Stock Exchange.
IT majors TCS and Wipro gained 2 percent each, but its rival Infosys slipped 2 percent on profit booking after rising 11 percent Friday on better-than-expected Q1 earnings.
