Indices end at record high: Sensex up 286 pts, Nifty ends above 10950

All that happened in the markets today

3:38 PM

IT shares gain: TCS up 4%

3:36 PM

Nifty Bank ends at record high

3:35 PM

Sectoral Trend

3:33 PM

Sensex top gainers and losers

3:32 PM

Markets at Close

 

Benchmark indices ended at all-time highs on Monday as Reliance Industries rallied after posting a record quarterly profit, while Oil and Natural Gas gained after saying it would buy a majority stake in Hindustan Petroleum Corp.

 

The S&P BSE Sensex ended at 35,798, up 286 points while the broader Nifty50 index settled at 10,966, up 71 points

3:22 PM

Axis Bank hits 52-week high post Q3 results

 

Axis Bank has moved higher to its 52-week high of Rs 621, up 5% on BSE in afternoon deal, after the bank reported improved assets quality in October-December 2017 quarter (Q3FY18) sequentially.

 

“The Bank’s gross non-performing assets ratio (NNPA) reduced quarter on quarter (QOQ) from 5.90% to 5.28% and net NPA from 3.12% to 2.56%,” Axis Bank said in a statement. READ MORE

 

3:20 PM

Oil prices rise as Saudi Arabia says producers will cooperate beyond 2018

 

Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies would continue beyond 2018.

 

Strong global economic growth and a drop in US drilling activity also supported crude, traders said. READ MORE

3:11 PM

Investing in bitcoins? How India's crypto players are fighting to survive

 

“If the government can ban its own currency, it can, of course, ban any other currency, which it doesn’t have control over,” Sandeep Goenka, co-founder of Zebpay, one of the top cryptocurrency exchanges in India, said at a recent panel discussion on virtual currency such as bitcoins.

 

Indeed, the cryptocurrency universe in the country is staring at uncertainty like never before, as banks and payment gateway partners are increasingly withdrawing support. READ MORE

3:01 PM

Indian economy improving; GDP to clock 7% in H2: Chanda Kochhar at WEF 2018

 

The Indian economy is seeing broad-based improvement across all sectors and should clock 7 per cent growth in the second half of the current fiscal, top banker Chanda Kochhar said today.

 

Here to participate in the World Economic Forum's (WEF) annual meeting, to be addressed by Prime Minister Narendra Modi and other world leaders, the ICICI Bank chief said the full fiscal GDP growth for 2017-18 should also be in excess of 6.5%. CLICK HERE FO FULL ARTICLE

2:46 PM

India Inc's deal hunt will drive offshore bonds rush in 2018: Citi

 

Offshore bonds volumes from India are set to gather pace after a banner year as companies tap the lowest borrowing costs in a decade to pay for buying assets locally and abroad.

 

That’s the view of Citigroup Inc., which forecasts sales of debt denominated in US dollar, euro and yen in 2018 to be as good as last year when issuance totaled $15.6 billion, the highest in three years. READ MORE