Sensex hits record high, Nifty gained 32 points at 9,542

The benchmark indices Sensex and Nifty touched their respective record highs on Friday’s trade of the June series. At 10.15 am, The BSE Sensex rallied near 124.29 points to hit its new high of 30,874, while the broader Nifty-50 gained 32.60 points to touch its fresh high of 9,542.35. In the broader market, the BSE Midcap and the BSE Smallcap indices gained over 1.27 percent each. 

Tata Steel, Hindalco and Asian Paints were the top gainers on Nifty and added up to 2 percent. Nifty FMCG and Nifty Metals were the leading sectoral indices which gained 1 percent each. 

Cipla was the major loser shedding over 3 percent after the company reported a consolidated net loss of Rs 61.79 cr for the Q4FY17. The company had reported net loss of Rs 92.83 Cr, in the corresponding quarter last year. 

Maruti Suzuki hits Rs 7,000 mark first time, the stock gained over 33 percent so far this year. IOC Ltd fell 3 percent to Rs 425.90. It reports that the company’s Q4 profit rose 85% to Rs 3,721 Cr, boosted by higher refinery margins.