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MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Market heavyweight RIL ended the day at Rs 1,217.25 on the BSE, rising 2.85 per cent from the previous close. The stock had hit a new high of Rs 1,222 in intra-day deals.

SI Reporter  |  New Delhi 

The benchmark indices settled at new record closing highs on Wednesday led by a rise in the shares of financial stocks and Reliance Industries (RIL). The S&P BSE Sensex settled at a record high of 37,888, up 222 points, while the broader Nifty 50 index settled at a new high of 11,450, up 61 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,931.42 while the Nifty50 index touched its record high level of 11,459.95. Market heavyweight RIL ended the day at Rs 1,217.25 on the BSE, rising 2.85 per cent from the previous close. The stock had hit a ...

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MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Nifty PSU Bank index ends 0.89% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) BANK OF BARODA 148.60 146.15 2.45 1.68 ST BK OF INDIA 308.70 304.05 4.65 1.53 IDBI BANK 62.25 61.90 0.35 0.57

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Nifty sectoral gainers of the day

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

BSE Sensex: ONGC, RIL, ICICI Bank, SBI among top gainers of the day

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Markets at close The S&P BSE Sensex settled at a record high of 37,888, up 222 points, while the broader Nifty 50 index settled at a new high of 11,450, up 61 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,931.42 while the Nifty50 index touched its record high level of 11,459.95.

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Lupin slips 5% as Q1 profit misses Street's estimate Shares of Lupin have slipped 5% to Rs 821 per share on the BSE in intra-day trade after the company reported 43% year-on-year drop in consolidated net profit of Rs 2.03 billion in June quarter (Q1FY19), hit by fall in sales in the US and Japan. The pharmaceutical company had profit of Rs 3.58 billion in year ago quarter. READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Investing in gold? Rising dollar to dampen your short-term return A rising dollar is set to limit the return on gold investment in the near-term, despite geopolitical tensions rising abroad. With the US Federal Reserve expected to raise interest rates again next month, the dollar might continue to fetch better returns than other asset classes, including gold and silver, in the near-term. READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Why analysts are sceptic about India's record-breaking stock rally When it comes to the Indian stock market, analysts are not following investors' exuberance. A booming economy and encouraging corporate results have sent the benchmark S&P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average price estimate for members of the gauge is now just 14 per cent above their stock prices, the narrowest gap since February, data compiled by Bloomberg show. READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

India's MF industry one of the costliest globally: Ex-Sebi chief UK Sinha The asset management industry in India is one of the costliest and there is a lot of scope to further bring down the costs of investing, said UK Sinha, former chairman, Securities and Exchange Board of India (Sebi). READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Reliance Industries hits new high; soars 37% thus far in FY19 Shares of Reliance Industries (RIL) hit a new high of Rs 1,208 per share, up 2% on the BSE on Wednesday, surpassing its previous high of Rs 1,203 recorded on August 1, 2018 in intra-day trade. READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

M&M raises tractor volume forecast, posts 23% revenue growth to Rs 133 bn Powered by strong volume growth in tractors and commercial vehicles (CVs), albeit on a low base, Mahindra & Mahindra posted robust 23 per cent growth in revenue to Rs 133 billion for the June quarter. While volume growth in the automobile segment was 19.6 per cent, that of the farm equipment segment was up 18 per cent over the year-before quarter. READ MORE

MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Market Check INDEX LATEST PREVIOUS CHANGE CHANGE(%) BSE SENSEX 37891.56 37665.80 225.76 0.60 BSE 500 15471.85 15391.07 80.78 0.52 BSE MID-CAP 16269.13 16219.24 49.89 0.31 BSE SMALL-CAP 16944.53 16862.46 82.07 0.49 S&P BSE LARGECAP 4441.66 4416.90 24.76 0.56 > More on BSE Indices

First Published: Wed, August 08 2018. 08:12 IST
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MARKET WRAP: Sensex settles at record closing high of 37,888; RIL up 2.85%

Market heavyweight RIL ended the day at Rs 1,217.25 on the BSE, rising 2.85 per cent from the previous close. The stock had hit a new high of Rs 1,222 in intra-day deals.

The benchmark indices settled at new record closing highs on Wednesday led by a rise in the shares of financial stocks and Reliance Industries (RIL). The S&P BSE Sensex settled at a record high of 37,888, up 222 points, while the broader Nifty 50 index settled at a new high of 11,450, up 61 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,931.42 while the Nifty50 index touched its record high level of 11,459.95. Market heavyweight RIL ended the day at Rs 1,217.25 on the BSE, rising 2.85 per cent from the previous close. The stock had hit a ...

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