Nifty, Sensex end posting 11-mth closing highs; Midcaps at record high

| Updated: Aug 23, 2017 11:20 IST

New Delhi, July 12 (ANI): The market on Tuesday ended at 11-month closing high with the Sensex up 181.45 points or 0.7 percent at 27808.14, and the Nifty was up 53.15 points or 0.6 percent at 8521.05. Shares in the Midcap index marked a record high with Tata Steel, ICICI Bank, Axis Bank, Maruti and HDFC amongst the gainers. On the other hand, Coal India, Cipla, Dr Reddy's, Asian Paints and HUL were amongst the losers. Indian government bonds rallied, with the benchmark 10-year yields at over three-year lows, as investors bet on benign inflation data later in the day and awaited a government announcement on the next RBI governor. The rally also tracked gains in emerging markets this week on a combination of upbeat US data, expectations of more stimulus from global policymakers, and global investors seeking higher returns. Foreign investors bought a net USD 76 million worth of Indian government debt on Monday, their highest purchase in four sessions, and remained net buyers of debt worth USD 157.66 million for July, helping send bond yields down 12-15 basis points across the curve. (ANI)