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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Adequate LPG stock in Chhattisgarh, no need to panic, says CM Sai
Raipur (PTI): Amid reports of shortage of commercial LPG cylinder in several parts of the country due to the US-Israel-Iran conflict, Chhattisgarh Chief Minister Vishnu Deo Sai on Tuesday assured people that they need not worry about the availability of cooking gas in the state.
He asserted that adequate stock of LPG as well as petrol and diesel was available in the state.
Sai said in a statement that authorities have been directed to regularly monitor stock at gas agencies and keep a close watch on the supply chain. Necessary instructions were issued to officials in all districts to ensure a smooth supply of LPG.
The chief minister instructed officials to take strict action if any complaint of black marketing or hoarding of LPG cylinders is received.
Sai urged state residents not to pay attention to rumours and to book cooking gas cylinders as per their actual requirement.
The government was fully alert to ensure the availability of essential commodities to citizens, he emphasised.
Meanwhile, the Chhattisgarh Hotel and Restaurant Association has issued an advisory to hotels, restaurants, caterers and other food businesses across the state, urging them to maintain calm and avoid panic buying.
In the advisory, Taranjeet Singh Hora, president of the association, asked members to maintain coordination and immediately inform it about any major disruption in LPG supply.
He cautioned businesses against hoarding cylinders, saying such practices could worsen the situation for the entire hospitality sector.
The association advised hotels and restaurants to prioritise essential kitchen operations, core menu items and already committed banquet events.
Use electric cooking equipment wherever possible for emergency and staff kitchens such as induction cooktops, electric hot plates, electric rice cookers and kettles, the advisory stated.
