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MARKET WRAP: Indices off record highs, Nifty above 12,350; small-caps rally
All that happened in the markets today
Thursday's volatile trading session ended with decent gains at the bourses today as investors looked to adjust their positions on the day of weekly expiry. The benchmark indices scaled fresh life-time highs today supported by gains in heavyweights such as Reliance Industries, HDFC Bank, Hindustan Unilever, and Bharti Airtel. Ending over a year-long trade war, the signing of the US-China trade deal, too, fueled investment appetite.
The S&P BSE Sensex mounted the crucial 42,000-mark in the intra-day trade today, and continued its run to hit a high of 42,059.45. The index, however, closed at 41,932.56 level, up 59.83 points or 0.14 per cent. At close, Nestle (up 3.36 per cent), Bharti Airtel (1.5 per cent), and HUL (1.5 per cent) were the top gainers at the 30-share index, while NTPC (down nearly 2 per cent), Tech M (1.6 per cent), and Tata Steel (1.5 per cent) were the top laggards.
On the NSE, the broader Nifty50 index hit a fresh high of 12,389.05-mark. The index, eventually, settled at 12,355.50-mark, up 12.20 points or 0.099 per cent. All the key sectoral indices closed the day with gains, except Nifty Metal index (down 1.32 per cent) that slipped on profit booking. Nifty Media index was the top gainer, up 1.42 per cent, on the NSE, followed by Nifty Realty index (up 0.67 per cent).
For the broader markets, Thursday turned out to be another day for outperformance. The S&P BSE small-cap index surged nearly 1 per cent in the intra-day trade today before settling 0.78 per cent higher at 14,647.54. The S&P BSE mid-cap index, on the other hand, ended at 15,625.23 level, up 0.77 per cent. It had gained 0.9 per cent in the intra-day trade.
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war.
MSCI’s broadest index of world stocks firmed 0.03 per cent in Asia, while its index of Asia-Pacific shares outside Japan rose 0.13 per cent.
Japan’s Nikkei rose 0.14 per cent while mainland China’s Shanghai composite index was almost flat. The pan-European STOXX 600 index was up 0.1 per cent and German DAX futures ticked up 0.1 per cent in early trade.
(With inputs from Reuters)