Sensex hits record high, Nifty trades over 11,000 mark
Mumbai, July 12 : The benchmark BSE Sensex touched an all-time high of 36,699.53 points on Thursday, tracking gains in the Asian markets.
The previous record level of the Sensex was of 36,443.9 points on January 29, 2018. In line with its bullish trend, the wider Nifty50 on the National Stock Exchange traded over the 11,000 mark during the day.
In the Asian markets, investor sentiments were boosted after reports on Wednesday said China and the US may resume talks to ease the ongoing trade tensions.
At 12.29 p.m., Nifty50 traded at 11,067.95 points -- higher by 119.65 points or 1.09 per cent -- from its previous close of 10,948.30 points.
The barometer 30-scrip Sensex, which had opened at 36,424.23 points, traded at 36,659.62 points (12.29 p.m.) -- up by 393.69 points or 1.09 per cent -- from its previous session's close of 36,265.93 points.
As mentioned, it has so far touched an intra-day high of 36,699.53 points and a low of 36,422.08 points. The BSE market breadth was bullish with 1,427 declines against 965 advances.
In another major development, market capitalisation (m-cap) of Reliance Industries reached Rs 695,102.97 crore or $100 billion during the day, the second Indian company to reach the level after Tata Consultancy Services.
The top gainers so far on the Sensex were Reliance Industries, Yes Bank, State Bank of India (SBI), Larsen and Toubro (L&T) and Hindustan Unilever whereas Infosys, Mahindra and Mahindra (M&M), Adani Ports, Power Grid and Tata Consultancy Services were the losers.
On the NSE, Reliance Industries, Hindustan Petroleum and BPCL were the highest gainers while Bharti Infratel, Infosys and UPL lost the most.
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US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
