Nifty comes off record high; ITC top drag

Nifty comes off record high; ITC top drag

Nifty comes off record high; ITC top drag

Driven by stronger rupee and revival of buying interest of foreign investors amid abundant liquidity, the NSE Nifty closed at 10,153.10 - a new peak - up 67.70 points, or 0.67 per cent, after shuttling between 10,171.70 and 10,131.30. The stock of Dr. Reddy's was the top gainer on Sensex and Nifty and hit its highest price since 31 July 2017.

Investors seem to be cautious after the US Federal Reserve left interest rates unchanged on Wednesday but signalled it still expects one rate hike by the end of the year despite recent weak US inflation readings.

During the day, the rupee weakened by 54-55 paise to 64.81 against the USA dollar from its previous close at 64.26-27.

The 30-share index finally settled down 1.86 points, or 0.01 per cent, at 32,400.51.

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During the race, Ricciardo stormed through the field, making up 11 positions on the way to a sensational fourth place finish. Red Bull's Daniel Ricciardo holds the single lap record in-race in Singapore and was a standout on the first day of practice.

Olive Garden brings back the Never Ending Pasta Pass
As part of the promotion for their " Never Ending Pasta Bowl " campaign, Olive Garden is dishing out 50 of these exclusive trips. That gives those lucky customers an all-inclusive, eight-day trip for two to Italy along with the eight weeks of unlimited pasta.

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Pope Francis responded that such people must go to the scientists, who speak clearly and precisely. Then, in a highly significant remark, Pope Francis referred to President Donald J.

Besides, a firming trend at other Asian markets following another record finish on Wall Street influenced the sentiment, they added. Cadila Healthcare was up 3.5 percent as Zydus received approval from the USA health regulator for Itraconazole 100 mg capsules.

Key telecom stocks such as Idea Cellular, Reliance Communication and Tata Teleservices fell by up to 3.43 per cent after Trai yesterday slashed mobile interconnection usage charge (IUC) by more than half to 6 paise a minute. Glenmark Pharmaceuticals (up 2.88%), Lupin (up 2.97%), Cipla (up 4.1%), Divi's Laboratories (up 5.46%), Cadila Healthcare (up 3.38%), Sun Pharmaceutical Industries (up 2.68%) and Aurobindo Pharma (up 0.83%) edged higher. Domestic institutional investors (DIIs) bought shares to the tune of Rs 946.23 crore yesterday, according to provisional data.

ICICI Bank fell as much as 2.4 percent to its lowest since August 11, making it the top drag on both indexes.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Markets continued to remain range bound as investors were stuck with a wait and watch approach ahead of the statement of FOMC meeting".

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