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Sensex ends at fresh closing high, Nifty below 10,850; banks lead

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SI Reporter  |  New Delhi 

Meanwhile, The Goods and Services Tax (GST) Council, which will meet today, is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. 

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Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Top Sectoral loser: Nifty Realty

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Nifty Bank rallies 0.94% as govt may increase FDI in private banks

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Sectoral Trend

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Sensex top gainers and losers

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Market at close Benchmark indices ended at fresh closing highs on Thursday, tracking global markets, with banking stocks contributing the most to gains amid expectations that the government would increase the foreign investment limits for banks.   The S&P BSE Sensex ended at 35,260, up 178  points while the broader Nifty50 index settled at 10,817, up 28 points.

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

MCX gets Sebi's approval for deliverable futures contract in brass   MCX, the leading exchange for non-agri commodity derivatives, is for the first time in India planning futures contract in brass.   In another first for MCX, this metal contract, unlike other metals traded on the exchange, will be physical deliverable. Market regulator SEBI (Securities and Exchange Board of India) has already approved the contract's launch. Read more  

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Here's what GST Council may announce today after the crucial meet   A fortnight ahead of the Union Budget, the Goods and Services Tax (GST) Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. A fitment committee of officers has made these recommendations to the Council, which will meet on Thursday.   With the aim to boost struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates of agriculture implements and unconventional fuel buses. It is the last Council meeting before Finance Minister Arun Jaitley presents his last full Budget on 1 February, before general elections in 2019. Read more Finance Minister Arun Jaitley with (R) MoS for Finance Shiv Pratap Shukla, Arvind Subramanian Chief Economic Advisor and (L)Finance Secretary Hasmukh Adhia at 25th GST Council Meeting in New Delhi | Photo: Dalip Kumar

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Commodity bourse NCDEX appoints Vijay Kumar as MD & CEO for next 3 years   Leading commodity bourse NCDEX on Thursday announced the appointment of Vijay Kumar Venkataraman as the new Managing Director and CEO of the exchange for three years effective today.   He brings over 25 years of experience in leadership roles in the areas of commodity trading and merchandising along with risk management, logistics and operations, it said. Read more  

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Earnings UltraTech Cement, part of the Aditya Birla Group, on Thursday posted a 23% drop in third-quarter profit, hurt by rising pet coke and coal prices. Profit fell to Rs 4.56 billion ($71.4 million) for the quarter ended Dec 31, from Rs 5.95 billion a year ago, the company said.  Earnings Impact

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

Market Check S&P BSE Sensex 35,357.89 0.79%   Nifty 50 10,855.05 0.62%   S&P BSE 200 4,776.79 -0.03%   Nifty 500 9,688.75 0.02%   S&P BSE Mid-Cap 17,653.68 -1.55%   S&P BSE Small-Cap 19,402.45 -1.45%

Sensex ends at fresh closing high, Nifty below 10,850; banks lead

GIFT City wants regulatory tweaks to bring IFSC on par with global centres   Gujarat International Finance Tec-City Company Limited (Gift) said on Wednesday that a host of regulatory changes will bring India’s first international financial services centre on a par with such well-established centres in Singapore and Hong Kong.   The measures include waiving short-term capital gains tax on derivatives trade, allowing retail investors to trade and removing regulatory hurdles to make it attractive for foreign portfolio investors. Click here for full story

First Published: Thu, January 18 2018. 15:31 IST
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Sensex ends at fresh closing high, Nifty below 10,850; banks lead

All that happened in the markets today

Meanwhile, The Goods and Services Tax (GST) Council, which will meet today, is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. 

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