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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

All that happened in the market today

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SI Reporter  |  New Delhi 

Benchmark indices settled at new closing highs for a third straight session on Tuesday as Coal India surged after price hikes, but broader gains were capped by losses in financial and IT sectors. Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order.  Coal India rose to it's highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 ...

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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Top Sectoral Gainer: NSE Realty Source: NSE

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Sectoral Trend Source: NSE

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Top Sensex gainers and losers Source: BSE

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Broader Markets Broader markets underperformed benchmark indices with BSE Midcap down 0.4% and BSE Smallcap little changed

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Markets at Close The benchmark indices ended at new closing high with S&P BSE Sensex settling at 34,443, up 90 points, while the broader Nifty50 index ended at 10,637, up 13 points

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Cement stocks gain   Cement stocks are in focus after the companies raised cement prices in Mumbai by 9-20% in January. Major cement player like ACC, Ambuja Cements have raised cement prices in Mumbai by up to 13% in January.

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Buzzing Stock Tata Motors rose 1.7% after its Jaguar Land Rover unit’s sales rose 7% to a record 621,109 vehicles in 2017 but said it faced tough conditions in the UK due to weakening consumer confidence and a planned diesel tax rise on new cars.

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

GVK Power at 52-week high on pact with CIDCO to develop Navi Mumbai Airport   GVK Power & Infrastructure (GVKPIL) was locked in upper circuit for the second straight day, up 5% at Rs 22.15 on BSE after the company on announced the signing of the concession agreement with City and Industrial Development Corporation (CIDCO) for the Navi Mumbai International Airport project.   The agreement was signed through a special purpose vehicle Navi Mumbai International Airport Private Ltd (NMIAL), a step down subsidiary of GVKPIL.   GVKPIL through its subsidiary Mumbai International Airport Private Limited (MIAL) holds 74%, while CIDCO holds the balance 26% in equity capital of NMIAL.

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Relief for Indian techies, US says no change in H-1B visa extension   In a relief for Indian techies, US authorities today said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.   The announcement by the US Citizenship and Immigration Services (USCIS) came days after reports emerged that the Trump administration was considering tightening H-1B visa rules that could lead to deportation of 7,50,000 Indians.   The reports had said it was mulling ending extensions for H-1B holders. READ MORE

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

From domestic growth to global economy: Key risks for markets in 2018   Sustenance of healthy macro fundamentals and liquidity has driven valuation re-rating even without concurrent improvement in micros (earnings growth), in our view.   As regards the political landscape, in the first major state elections post GST implementation, the BJP, the ruling party at the center, has won Gujarat for the sixth straight term and Himachal Pradesh (HP) state elections with a comfortable majority.   Winning UP and Gujarat right after big structural reforms like demonetisation and GST, which have created short-term disruption, reaffirms Mr Modi's popularity and augurs well from the reforms perspective, in our view. READ MORE

Sensex ends above 34,400 for first time; Nifty ends flat but at new high

Market Check   S&P BSE Sensex 34,401.58 0.14%   Nifty 50 10,618.65 -0.05%   S&P BSE 200 4,738.55 -0.10%   Nifty 500 9,621.35 -0.19%   S&P BSE Mid-Cap 18,137.43 -0.60%   S&P BSE Small-Cap 19,871.61 -0.12%

First Published: Tue, January 09 2018. 15:31 IST
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Sensex ends above 34,400 for first time; Nifty ends flat but at new high

All that happened in the market today

Benchmark indices settled at new closing highs for a third straight session on Tuesday as Coal India surged after price hikes, but broader gains were capped by losses in financial and IT sectors. Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order.  Coal India rose to it's highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 ...

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