9:20 AM: Record high! Nifty hits
8000, Sensex zooms over 150 pts
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The Nifty has hit record high at
8000 just minutes after opening at an all-time high. The 50-share index is up
50.15 points at 8004.50. The Sensex is up 169.79 points at 26807.90. About 824
shares have advanced, 188 shares declined, and 45 shares are unchanged.
Coal India, NTPC, Hero MotoCorp,
Hindalco and L&T are major gainers in the Sensex. Among the losers are BHEL
and Infosys.
The Indian rupee opened flat at
60.50 per dollar versus 60.50 Thursday. Euro slipped to a fresh one-year low
early as the situation in Ukraine worsened. Meanwhile, pressure on the euro
helped the dollar index reach a high not seen in over 13 months.
In the US, stocks rose on Friday,
lifting the S&P 500 to another record finish, as investors welcomed a
better-than-expected read on US consumer confidence and bypassed geopolitical
worries. However, US markets will be shut today on account of labour day.
In commodities, Brent crude oil rose
to 103 dollars after reports indicate Russian troops had entered Ukraine in
support of pro-Moscow rebels, intensifying a separatist war.
Key event to watch today, the
Supreme Court will decide what to do with captive coal blocks, having deemed
more than 200 allocations made since 1993 to be illegal. While writing their
order, one of the biggest questions before chief justice R M Lodha and his
fellow judges will relate to the 40-odd blocks where mining has already
started.
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