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Markets end at record highs; Nifty closes above 9,900 for first time ever

SI Reporter/New Delhi 17 Jul 17 | 03:34 PM

The market settled Monday's trade at record highs thanks to strong gains in IT counters such as Infosys and Wipro. Index heavyweight Reliance Industries, crossing the Rs 5 lakh crore market capitalisation for the first time ever, added to the gains, while ITC, dropping over 4% on speculations of an expected hike in cess by GST Council, hogged the limelight.

In intraday trade, the S&P BSE Sensex and Nifty50 logged their fresh lifetime highs of 32,131 and 9,928, respectively. 

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Meanwhile, Asian markets set a fresh two-year high, boosted by stronger-than-expected economic growth in China and bets that lacklustre US data will keep the Federal Reserve cautious about the pace of further policy tightening.

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Company Price Gain (%)
Sun Pharma.Inds.545.452.35
Tata Motors256.802.09
M & M919.002.07
Tata Steel528.201.71
ICICI Bank263.101.47


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