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Nifty ends above 10,600 for first time ever, Sensex at record closing high

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SI Reporter  |  New Delhi 

Benchmark indices settled at record closing highs on Monday, as pre-budget cheer and optimism over corporate results offset lowered growth forecasts, with sentiment also boosted by broader Asian markets that advanced towards historic levels. The rupee, meanwhile, rose to as high as 63.2450 per dollar, its strongest level since April 2015, and was last at 63.3550, compared to its close of 63.3750 on Friday. India lowered its forecast for the current year’s economic growth to 6.5 percent on Friday from the earlier estimated 7.5 percent, before a federal budget ...

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Nifty ends above 10,600 for first time ever, Sensex at record closing high

Sectoral Trend Source: NSE

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Top Sensex gaienrs and losers Source: BSE

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Markets at Close Benchmark indicesend at record closing high with S&P BSE Sensex up 198 points at 34,352 while the broader Nifty50 index settled at 10,623, up 64 points

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Buzzing Stock Sadbhav Infrastructure Projects shares gained 6 percent intraday following good growth in toll revenue collection.   Toll revenue received from its 10 operational special purpose vehicles (apart from NSEL which is an annuity project) stood at Rs 261.72 crore in Q3FY18, higher by 9 percent on sequential basis.   The company reported toll collection at Rs 240.17 crore in Q2FY18.

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Three companies to consider share buyback today; six to get nod in a month   The board of directors of three companies, Aarti Drugs, SJVN and Unichem Laboratories will meet today to consider share buyback.   The board of directors of six companies – Orbit Exports, Pidilite Industries, eClerx Services, Aarti Industries, Lovable Lingerie and Gandhi Special Tubes – approved buyback plans aggregating nearly Rs 958 crore in the past one month. Read More

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Sectoral Indices (NSE) Sectoral Indices (NSE)

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Market Check   S&P BSE Sensex 34,328.58 0.51%   Nifty 50 10,608.35 0.47%   S&P BSE 200 4,738.18 0.56%   Nifty 500 9,626.95 0.56%   S&P BSE Mid-Cap 18,240.65 0.94%   S&P BSE Small-Cap 19,873.04 0.85%

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Federal Bank vaults after large bulk deal   Federal Bank gained 3% to Rs 114.95 on BSE after a large bulk deal of 47.80 lakh shares was executed on the scrip at Rs 114.75 per share at 12:05 IST on BSE.

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Prakash Industries hits 52-week high   Prakash Industries has moved higher to its fresh 52-week high of Rs 224, up 9 per cent on BSE in noon deal, after the company reported 5.8 times jump in net profit at Rs 1 billion in December quarter (Q3FY18). It had profit of Rs 117 million in Q3FY17.   Prakash Industries primarily engaged in steel business said the growth of profitability was on the back of better sales realisation, higher volumes and major cost savings. READ MORE

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Budget 2018 needn't be populist   A view, currently shared by a large number of people, is that the Union government’s Budget for 2018-19 will be populist. The argument is that this will be the last full Budget of the Modi government in its current tenure.   Hence, it will make sense for Finance Minister Arun Jaitley to dole out freebies and concessions in his final Budget in an attempt to woo voters Such assumptions are flawed, based as they are on an incomplete and outdated understanding of the factors that influence the making of the Budget. READ FULL OPINION 

Nifty ends above 10,600 for first time ever, Sensex at record closing high

Buzzing stock    Satin Creditcare Network (SCNL) soared 18% to 512, its fresh 52-week high on BSE in noon deal trade, after the company said Kora Management LP (Kora) – a global emerging markets investment firm – has made an equity investment of Rs 80 crore in SCNL to support the company’s growth and digital initiatives as a financial services provider to rural and semi-rural India. READ MORE

First Published: Mon, January 08 2018. 15:31 IST
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Nifty ends above 10,600 for first time ever, Sensex at record closing high

All that happened in the market today

Benchmark indices settled at record closing highs on Monday, as pre-budget cheer and optimism over corporate results offset lowered growth forecasts, with sentiment also boosted by broader Asian markets that advanced towards historic levels. The rupee, meanwhile, rose to as high as 63.2450 per dollar, its strongest level since April 2015, and was last at 63.3550, compared to its close of 63.3750 on Friday. India lowered its forecast for the current year’s economic growth to 6.5 percent on Friday from the earlier estimated 7.5 percent, before a federal budget ...

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