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MARKET WRAP: Sensex ends at fresh closing high of 38,024; Bankex up 1.3%

ICICI Bank, Axis Bank, SBI lead charge on the 30-share index

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE, Trade
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The Nifty PSU Bank index ends 2.98% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) UNION BANK (I) 89.15 85.05 4.10 4.82 BANK OF INDIA 98.00 94.00 4.00 4.26 BANK OF BARODA 154.75 148.60 6.15 4.14 ALLAHABAD BANK 45.80 44.00 1.80 4.09 ORIENTAL BANK 81.05 78.15 2.90 3.71 Nifty sectoral gainers of the day BSE Sensex: ICICI Bank, Axis Bank, SBI among top gainers Market at close The S&P BSE Sensex settled at a record high of 38,024, up 137 points, while the broader Nifty 50 index closed at a new high of 11,471, up 21 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 38,076.23. The Nifty50 index, on the other hand, touched its record high level of 11,495.20. HPCL gains after strong Q1 earnings Hindustan Petroleum Corporation rose 0.73% to Rs 284.45 at 10:45 IST on BSE after the company reported 85.91% rise in net profit to Rs 1719.21 crore on 26.12% increase in net sales to Rs 67331.52 crore in Q1 June 2018 over Q1 June 2017. READ MORE Page Industries, Graphite India hit record highs on strong Q1 results Shares of Page Industries and Graphite India have hit their respective record highs on the BSE, gaining 6% in intra-day trade on Thursday after reporting a strong set of numbers for the quarter ended June 2018 (Q1FY19). READ MORE

The benchmark indices settled at fresh closing high on Thursday, led by a rise in the shares of financial and realty stocks. The S&P BSE settled at a record high of 38,024, up 137 points, while the broader 50 index closed at a new high of 11,471, up 21 points. In intra-day deals, the S&P BSE hit a fresh all-time high of 38,076.23. The Nifty50 index, on the other hand, touched its record high level of 11,495.20.

In stocks, ICICI Bank settled 4.64 per cent higher at Rs 332.95 while Axis Bank rose 3.86 per cent at Rs 619.45 on the BSE.

Among sectoral indices, the PSU Bank index gained around 3 per cent led by rise in Union Bank of India and Bank of India. The Realty index too, moved up 2 per cent led by DLF and Unitech.

Banks rally

Shares of public sector undertaking (PSU) bank were in focus with the Nifty PSU Bank index gaining around 3% on the National Stock Exchange (NSE) in an otherwise range-bound market on Thursday.
 
Union Bank of India, Allahabad Bank and Oriental Bank of Commerce were up 5% each, while Andhra Bank, Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, Punjab National Bank (PNB) and State Bank of India (SBI) were up in the range of 3% to 4% on the NSE.

Global Markets

Asian share found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-trade war, while Russia's rouble tumbled as the United States slapped fresh sanctions on the country.

Shanghai blue chips climbed 2.7 per cent amid talk of possible government support for home-grown technology companies, just the latest in a series of growth boosting measures rolled out by Beijing as the trade dispute worsens.

The gains in Chinese stocks helped MSCI's broadest index of Asia-Pacific shares outside Japan reverse early losses to nudge up 0.5 per cent. Japan's Nikkei slipped 0.2 per cent, weighed in part by a shock slump in core machinery orders.


(with wire inputs)

First Published: Thu, August 09 2018. 08:15 IST
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MARKET WRAP: Sensex ends at fresh closing high of 38,024; Bankex up 1.3%

ICICI Bank, Axis Bank, SBI lead charge on the 30-share index

The benchmark indices settled at fresh closing high on Thursday, led by a rise in the shares of financial and realty stocks. The S&P BSE settled at a record high of 38,024, up 137 points, while the broader 50 index closed at a new high of 11,471, up 21 points. In intra-day deals, the S&P BSE hit a fresh all-time high of 38,076.23. The Nifty50 index, on the other hand, touched its record high level of 11,495.20.

In stocks, ICICI Bank settled 4.64 per cent higher at Rs 332.95 while Axis Bank rose 3.86 per cent at Rs 619.45 on the BSE.

Among sectoral indices, the PSU Bank index gained around 3 per cent led by rise in Union Bank of India and Bank of India. The Realty index too, moved up 2 per cent led by DLF and Unitech.

Banks rally

Shares of public sector undertaking (PSU) bank were in focus with the Nifty PSU Bank index gaining around 3% on the National Stock Exchange (NSE) in an otherwise range-bound market on Thursday.
 
Union Bank of India, Allahabad Bank and Oriental Bank of Commerce were up 5% each, while Andhra Bank, Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, Punjab National Bank (PNB) and State Bank of India (SBI) were up in the range of 3% to 4% on the NSE.

Global Markets

Asian share found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-trade war, while Russia's rouble tumbled as the United States slapped fresh sanctions on the country.

Shanghai blue chips climbed 2.7 per cent amid talk of possible government support for home-grown technology companies, just the latest in a series of growth boosting measures rolled out by Beijing as the trade dispute worsens.

The gains in Chinese stocks helped MSCI's broadest index of Asia-Pacific shares outside Japan reverse early losses to nudge up 0.5 per cent. Japan's Nikkei slipped 0.2 per cent, weighed in part by a shock slump in core machinery orders.


(with wire inputs)

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