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Markets end at record highs; Nifty closes above 9,900 for first time ever

All that buzzed in today's trading session

SI Reporter  |  New Delhi 

Anand James, Chief Market Strategist, Geojit Financial Services   Start of Parliament's monsoon session and anticipation of any updates on the banking sector pushed Nifty within striking distance of 10,000. Investors look less daunted by psychological mark as earnings season has encouraged a stock specific approach. Centre's stand on the cross-border tensions with China and the updates on the monsoon may also mould the risk appetite of the investors in the coming sessions. Top gainers and loser on Sensex   Nifty IT index gained over 1%. Wipro (up 3%), HCL Tech (up 2%) and Infosys (up 1%) contributed most.  Nifty Realty index (up 1.4%) was the leading sectoral gainer, led by a sharp spurt in Unitech which surged 15% to Rs 8. Delta Corp, Godrej Properties and Indiabulls Real Estate gained between 1% and 3%.  ITC extended losses at fag end of the trade to settle over 4% lower at Rs 323.  The market breadth, indicating the overall health of the market, turned slightly negative. On BSE, 1,382 shares fell and 1,294 shares rose. A total of 179 shares were unchanged.

The market settled Monday's trade at record highs thanks to strong gains in IT counters such as Infosys and Wipro. Index heavyweight Reliance Industries, crossing the Rs 5 lakh crore market capitalisation for the first time ever, added to the gains, while ITC, dropping over 4% on speculations of an expected hike in cess by GST Council, hogged the limelight. In intraday trade, the S&P BSE Sensex and Nifty50 logged their fresh lifetime highs of 32,131 and 9,928, respectively.  Meanwhile, Asian markets set a fresh two-year high, boosted by stronger-than-expected ...

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First Published: Mon, July 17 2017. 15:34 IST
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Markets end at record highs; Nifty closes above 9,900 for first time ever

All that buzzed in today's trading session

The market settled Monday's trade at record highs thanks to strong gains in IT counters such as Infosys and Wipro. Index heavyweight Reliance Industries, crossing the Rs 5 lakh crore market capitalisation for the first time ever, added to the gains, while ITC, dropping over 4% on speculations of an expected hike in cess by GST Council, hogged the limelight. In intraday trade, the S&P BSE Sensex and Nifty50 logged their fresh lifetime highs of 32,131 and 9,928, respectively.  Meanwhile, Asian markets set a fresh two-year high, boosted by stronger-than-expected ...

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