Software makers boost India's Sensex, Nifty to record

Software makers boost India's Sensex, Nifty to record

At the close, the benchmark 30-share index, BSE Sensex added 54.03 or 0.17% at 32,074.78 with 21 components posting rise.

As per details on the BSE website, shares of Wipro were up by 3.55 per cent, Vedanta were up by 2.25 per cent and Mahindra & Mahindra were up 1.79 per cent.

However, some gains were capped as heavy selling pressure was witnessed in FMCG and capital goods stocks. Market heavyweight Reliance Industries (+1%) was also in the limelight.

Shares of Jindal Steel (up 3.24 per cent), Ashok Leyland (up 2.84 per cent) and SJVN (up 2.29 per cent) caused the BSE Midcap index to gain 10 points to end at 15,197.45. "The Nifty made new life highs in the process although it traded in a range for most of the trading session", Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS. Indian stock market also drew support from positive Asian markets. Bluechips outperformed small and mid-caps.

Cyber attacks could cost the global economy £40 billion
Meanwhile the "NotPetya" malware is said to have caused $850 million in economic damages, according to Cyence . The first, the WannaCry ransomware, is estimated to have cost around $8 billion in more than 100 countries.

"Nifty ended above 9,900-mark for the first time".

Foreign portfolio investors (FPIs) bought shares worth a net Rs 673.56 crore last Friday and domestic institutional investors (DIIs) net sold shares worth Rs 136.27 crore, as per provisional data.

Sector-wise, the S&P BSE metal index rose by 116.43 points, the IT index by 95.55 points and the banking index by 89.81 points. India's third-largest software exporter Wipro rose 3.1%, leading gains on the Sensex, after saying it will consider a share buyback proposal on July 20.

Losers wer Coal India, ITC, Axis Bank and Hindustan Unilever, down between 0.5 percent to 2.5 percent.

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