You are here: Home » Markets » News
Business Standard

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Catch all live market action here

SI Reporter  |  New Delhi 

Benchmark indices end flat but on a negative note on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp, with sentiment dampened after data showed the country’s trade deficit widened in December. India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday. The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Industry ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Exclusive invite to select Business Standard events.

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services   "Widened fiscal deficit and increasing fuel price on account of volatility in crude prices dampened the market sentiment. Mid & small cap underperformed but silver lining was seen in IT index on expectation of turnaround in spending.  If the earnings season pick up steam as per the expectation of 15-20% YoY EPS growth for Nifty & Sensex in Q3, the underlying positive trend in the market will be maintained. "  

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Top sectoral loser: Nifty Realty

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

IT stocks rally, Nifty IT up 3%

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Sectoral Trend

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Sensex Top gainers and losers

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Markets at Close   Benchmark indices were rangebound on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp, with sentiment dampened after data showed the country’s trade deficit widened in December.   The S&P BSE Sensex settled at 34,771, down 72 points while the broadeer Nifty50 index ended at 10,700, down 41 points.

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

IPO nod   Speciality chemicals manufacturer Galaxy Surfactants has received capital markets regulator Sebi's go-ahead to raise an estimated Rs 1,000 crore through an initial public offer (IPO).   The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained 'observations' from the regulator on January 12, 2018, the latest update with markets watchdog showed.   Sebi's observations are very important for any company to launch a public offer.

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

BSE Smallcap, Midcap index under pressure; down 2%   Shares of mid and smallcap companies were under pressure with the S&P BSE Midcap and S&P BSE Smallcap index were down up to 2% on profit booking.   Uttam Galva Steels, Indosolar, Jaypee Infratech, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Kaya, Subex, Unitech, Electrosteel Castings and Equitas Holdings from smallcap index were down more than 7%. National Aluminium Company, Federal Bank, IDFC Bank, Steel Authority of India (SAIL) and IDBI Bank from midcap index down in the range of 5% to 8% on BSE. READ MORE

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Why Jaitley should not focus on growth numbers while preparing Budget 2018   Spare a thought for Finance Minister Arun Jaitley. When Mr Jaitley presents his Budget next month, he must know that he doesn’t have a handle on the all-important number, namely, the growth estimate for India’s gross domestic product (GDP).   The growth in GDP (along with the inflation rate) determines the increase in tax revenue. It also determines the denominator in the fiscal deficit to GDP ratio, perhaps the most closely watched number in any Budget. Click here for full article

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

GNFC slips 11% on closure of Dahej plant   Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) slipped 11% to Rs 481 on BSE after the company said that it has decided to close TDI-II plant at Dahej indefinitely following leakage.   “In the morning on 15th January, 2018, there has been a sudden leakage at TDI-II Plant, Dahej, which called for Plant shutdown at Dahej. Due to safety measures already put in place by the Company over a period of time, neither there is any property damage nor any loss of life,” GNFC said in a regulatory filing. Read more

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

BNP Paribas sees value in Indian stocks even as indices hit new highs   By at least one measure, Indian equities look attractive relative to their regional peers even after posting new records in the new year.   That’s the view of BNP Paribas, which forecasts the benchmark S&P BSE Sensex to post its third annual gain in 2018, helped by a revival in company earnings and economic growth. Read more  

First Published: Tue, January 16 2018. 15:32 IST
RECOMMENDED FOR YOU

Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

Catch all live market action here

Benchmark indices end flat but on a negative note on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp, with sentiment dampened after data showed the country’s trade deficit widened in December. India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday. The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Industry ...

image
Business Standard
177 22