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Market ends with modest gains

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The registered modest gains on positive global cues, with the barometer index, the and the 50 index, hitting record highs. The rose 180.51 points or 0.53% at 34,334.36, as per the provisional closing data. The 50 advanced 57.65 points or 0.55% at 10,616.50, as per the provisional closing data. The Sensex, and the Nifty, hovered in positive terrain throughout the trading session.

Key benchmark indices had opened the session on a strong note with the and the hitting record highs in early trade, tracking firmness in Asian markets and strong finish on Wall Street overnight. Indices hit fresh record highs in mid-morning trade and later hovered with modest gains. Later, indices trimmed gains and hit intraday lows in afternoon trade. Key indices once again bounced back to hit fresh record highs in late trade.

The Sensex advanced 231.82 points, or 0.67%, at the day's high of 34,385.67 in late trade, its record high. The rose 62.48 points, or 0.18%, at the day's low of 34,216.33 in afternoon trade. The Nifty advanced 72.35 points, or 0.68%, at the day's high of 10,631.20 in late trade, its record high. The rose 29.70 points, or 0.28%, at the day's low of 10,588.55 in afternoon trade.

Among secondary indices, the Mid-Cap index provisionally rose 1.05%. The Small-Cap index provisionally advanced 1.04%. Both these indices outperformed the Sensex.

The breadth, indicating the overall health of the market, was strong. On the BSE, 1,788 shares advanced and 1,180 shares declined. A total of 152 shares were unchanged.

The total turnover on BSE amounted to Rs 5987.62 crore, lower than turnover of Rs 6120.03 crore registered during the previous trading session.

IT stocks were mostly higher. (up 1.97%), (up 1.42%), TCS (up 1.06%) and (up 0.61%) edged higher. (down 0.07%) and (down 0.32%) edged lower.

Engineering and construction equipment L&T rose 1.71% at Rs 1,337, with the stock hitting record high in intraday, after the company said that its construction arm has won orders worth Rs 2265 crore. The announcement was made during market hours today, 8 January 2018.

jumped 12.52% at Rs 487.70 after a global emerging markets investment firm invested Rs 80 crore in the company. (Kora), a global emerging markets investment firm, has made an equity investment of Rs 80 crore ($12.50 million) in to support the company's growth and digital initiatives as a financial services provider to rural and semi-urban The announcement was made during trading hours today, 8 January 2018.

Fiberweb (India) gained 3.15% at Rs 365 after the company fixed 18 January 2018 as the record date issue of 1:1 bonus shares. The announcement was made during market hours today, 8 January 2018.

dropped 1.47% at Rs 492 after the company informed that it has received a 'Demand Notice' in continuation of Search proceeding conducted as per Income Tax, Act 1961, demanding the payment by the company of a sum of Rs 14.75 crore. The company is contesting the demand and would file an appropriate appeal against this order under the applicable provisions of the Income Tax Act, 1961 within the stipulated period and also there seems no material impact on the operations of the company, said. The announcement was made on Saturday, 6 January 2018.

The 14-day long winter session of the Parliament concluded on Friday, 5 January 2018. The said that 16 bills were introduced in the Lok Sabha by the government in the session, of which 12 bills including the triple talaq bill was passed. Important bills passed during the session also included the and Acquisition of and the Goods and

Overseas, European and Asian stocks edged higher following firm US lead as investors awaited upcoming earnings releases. In Europe, of sounded optimistic about reaching a deal with the Social Democrats and thus avoiding fresh elections. In the UK, said over the weekend there would be a cabinet reshuffle this week.

US stocks rose to record levels on Friday, 5 January 2018 even as Wall Street shook off jobs data that missed expectations. The US added 148,000 jobs in December, according to the Labor Department, as against expectations of 190,000 jobs.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 15:34 IST
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