Sensex opens with a new high of 38,989.65; Nifty trading at 11,753.20; Vedanta, Sun Pharma, Adani Ports major gainers

The benchmark BSE Sensex opens with a new life-time high of 38,989.65. The 30-share index rose by 93.02 points, or 0.23 per cent, to hit a new high of 38,989.65, bettering its previous intra-day record of 38,938.91 hit yesterday.
 
The index, however, turned choppy and was trading flat at 38,896.02 at 0945 hrs. The gauge has rallied 644.83 points in the previous two sessions.
 
The 50-share NSE Nifty too turned cautious and was trading 14.70 points, or 0.12 per cent, higher at 11,753.20.
 
Sentiment turned cautious ahead of August series F&O expiry scheduled tomorrow amid mixed cues from other Asian bourses, traders said.
 
Prominent gainers were Vedanta, Sun Pharma, Adani Ports, Tata Motors, HDFC, SBI, ONGC, RIL, Bharti Airtel, M&M, Axis Bank, Maruti Suzuki and NTPC, rising up to 2.06 per cent.
 
Top losers include Coal India, Yes Bank, Hero MotoCorp, Infosys, HUL and ICICI Bank falling up to 1.97 per cent.
 
Meanwhile, on a net basis, foreign funds sold shares worth Rs 161.05 crore, while domestic institutional investors offloaded shares to the tune of Rs 199.28 crore yesterday, provisional data showed.

Watch this Zee Business video here:

 
The rupee weakened by 22 paise to 70.32 against the US dollar today, hurt by fresh demand for the American currency from importers.
 
Traders said besides fresh demand of the US currency from importers, dollar's strength against some currencies overseas weighed on the domestic unit. 
 
Elsewhere in Asia, Japan's Nikkei was up 0.51 per cent, Hong Kong's Hang Seng rose 0.07 per cent, while Shanghai Composite Index shed 0.35 per cent in their early sessions.
 
The US Dow Jones Industrial Average ended 0.069 per cent higher yesterday.