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Markets end at record closing high; Nifty hits 10,500, ends lower

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SI Reporter  |  New Delhi 

Vinod Nair, Head of Research, Geojit Financial Services   Passage of US tax reform bill aimed at reducing the corporate tax rates and strong US Q3 GDP growth of 3.2% led rally in global markets which was extended to domestic market and Nifty hit an all time high 10,500. The expectation of a good budget and strong H2FY18 earnings is supporting this rally. IT sector was the outperformer today due to big order win by IT major TCS. The weak crude prices and strong INR supported the sentiments. Market breadth The breadth, indicating the overall health of the market, was strong. On the BSE, 1,570 shares rose and 1,173 shares fell. A total of 178 shares were unchanged. Sensex heatmap at close Source: BSE Index watch   S&P BSE Sensex 33,940.30 0.55%   Nifty 50 10,493.00 0.50%   S&P BSE 200 4,654.67 0.41%   Nifty 500 9,431.50 0.47%   S&P BSE Mid-Cap 17,573.78 0.11%   S&P BSE Small-Cap 18,991.20 0.58% Markets at close The S&P BSE Sensex ended at 33,940, up 184 points, while the broader Nifty50 settled at 10,493, up 52 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 33,940.30 +184.02 +0.55   S&P BSE SENSEX 50 10,940.76 +50.72 +0.47   S&P BSE SENSEX Next 50 36,576.39 +128.26 +0.35   S&P BSE 100 10,983.52 +48.86 +0.45   S&P BSE Bharat 22 Index 3,805.35 +23.93 +0.63 Source: BSE Morepen Labs, D B Realty surge 50% in one week    Morepen Laboratories and D B Realty, from the S&P BSE Smallcap index, have rallied 50% each during the current week t on back of positive development in these counters.   D B Realty was locked in upper circuit for the second straight day, up 20% at Rs 52.40 on the BSE, after a special court acquitted all those said to have been involved in the 2G scam including Vinod Goenka and Shahid Balwa, the managing directors and key managerial personnel of realty firm. READ FULL REPORT

The benchmark indices settled at record closing highs with the Nifty50 touching its crucial 10,500 in last leg of trade, but ended below that mark.  Broader indices the S&P BSE Midcap and the S&P BSE Smallcap indices also hit their respective closing highs.   The Nifty IT (up 1%) and The Nifty PSU Bank (up 1.5%) were the leading sectoral gainers.  Overseas, European markets were trading lower, but Asian markets edged up on new data pointing to steady growth in the US economy. The third-quarter data showed that the US economy grew at its fastest pace in ...

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First Published: Fri, December 22 2017. 15:36 IST
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Markets end at record closing high; Nifty hits 10,500, ends lower

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The benchmark indices settled at record closing highs with the Nifty50 touching its crucial 10,500 in last leg of trade, but ended below that mark.  Broader indices the S&P BSE Midcap and the S&P BSE Smallcap indices also hit their respective closing highs.   The Nifty IT (up 1%) and The Nifty PSU Bank (up 1.5%) were the leading sectoral gainers.  Overseas, European markets were trading lower, but Asian markets edged up on new data pointing to steady growth in the US economy. The third-quarter data showed that the US economy grew at its fastest pace in ...

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