Mumbai: The Nifty 50-share index crossed the 10,000 mark for the first time ever on Tuesday to hit a record high as foreign and domestic institutional investors continued to buy in the local equity markets on hopes of more reforms by the government. At 9.20 am, BSE’s 30-share Sensex rose 0.21% or 69.31 points higher at 32,315.18 points, while National Stock Exchange’s 50-share Nifty was up 0.24% or 23.85 points at 10,009 points. Earlier, Sensex rose as much as 0.25% or 71 points to reach 32,316, while Nifty rose 0.25% or 25 points to 10,010.55, a record high as well. So far this year, foreign institutional investors have bought a net of $8.73 billion, while domestic institutional investors have bought a net Rs24,126.87 crore in equities. Shares of Lupin Ltd fell 0.7%, Cipla Ltd declined 0.5%, while that of Sun Pharmaceuticals Industries Ltd dropped 0.4%.

Source: Mint July 25, 2017 04:18 UTC