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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

All that happened in the market today

SI Reporter  |  New Delhi 

MARKETS LIVE: Nifty, Sensex, Oil, short-term capital gains, Asian shares

Top Sectoral Gainer: NSE Realty Source: NSE Sectoral Trend Source: NSE Top Sensex gainers and losers Source: BSE Broader Markets Broader markets underperformed benchmark indices with BSE Midcap down 0.4% and BSE Smallcap little changed Markets at Close The benchmark indices ended at new closing high with S&P BSE Sensex settling at 34,443, up 90 points, while the broader Nifty50 index ended at 10,637, up 13 points Cement stocks gain   Cement stocks are in focus after the companies raised cement prices in Mumbai by 9-20% in January. Major cement player like ACC, Ambuja Cements have raised cement prices in Mumbai by up to 13% in January.

Benchmark indices settled at new closing highs for a third straight session on Tuesday as Coal India surged after price hikes, but broader gains were capped by losses in financial and IT sectors.

Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order. 

Coal India rose to it's highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 million) for the rest of the current fiscal year.

But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday.

Finance Minister Arun Jaitley is expected to present the federal budget for the 2018-19 financial year on Feb 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.

First Published: Tue, January 09 2018. 15:31 IST
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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

All that happened in the market today

All that happened in the market today
Benchmark indices settled at new closing highs for a third straight session on Tuesday as Coal India surged after price hikes, but broader gains were capped by losses in financial and IT sectors.

Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order. 

Coal India rose to it's highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 million) for the rest of the current fiscal year.

But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday.

Finance Minister Arun Jaitley is expected to present the federal budget for the 2018-19 financial year on Feb 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.
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Business Standard
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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

All that happened in the market today

Benchmark indices settled at new closing highs for a third straight session on Tuesday as Coal India surged after price hikes, but broader gains were capped by losses in financial and IT sectors.

Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order. 

Coal India rose to it's highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 million) for the rest of the current fiscal year.

But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday.

Finance Minister Arun Jaitley is expected to present the federal budget for the 2018-19 financial year on Feb 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.

image
Business Standard
177 22