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Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

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Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Vinod Nair, Head of Research, Geojit Financial Services    Market started off rangebound as investors' participation remained low due to holiday season, while stock-specific actions in telecom, pharma and metal towards close raised the indices to a new high. Mid and small cap outperformed on expectation of improvement in rural demand supported by continued government reforms.

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Sectoral trend Nifty PSU Bank sole sectoral loser  Source: NSE

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Top Sensex gainers and losers  Source: BSE

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Markets at close   The S&P BSE Sensex ended at 34,010, up 70 points, while the broader Nifty50 settled at 10,531, up 38 points. Index Current Pt. Change % Change   S&P BSE SENSEX 34,010.61 +70.31 +0.21   S&P BSE SENSEX 50 10,969.14 +28.38 +0.26   S&P BSE SENSEX Next 50 36,850.24 +273.85 +0.75   S&P BSE 100 11,020.91 +37.39 +0.34   S&P BSE Bharat 22 Index 3,803.91 -1.44 -0.04 Source: BSE

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Buzzing stocks    Jet Airways, KNR Constructions, Quess Corp, Morepen Laboratories, D B Realty and Future Consumer were among 92 stocks from the midcap and smallcap indices hit their respective 52-week highs on the BSE in intra-day trade on Tuesday.   At 02:58 PM; the S&P BSE Midcap index and the S&P BSE Smallcap index were up nearly 1% as compared to a marginal 0.07% decline in the benchmark index S&P BSE Sensex. The midcap (17,695) and smallcap (19,141) indices touched their respective new highs in intra-day trade today. READ FULL REPORT

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

RCom to exit SDR; stock spikes 36% Source: BSE

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Bitcoin regains $15,000 level    Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 per cent to be up more than a third from last week's lows of below $12,000.   Bitcoin, the world's biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around $15,049 on the Luxembourg-based Bitstamp exchange. READ MORE

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Anil Ambani, Chairman, Reliance Group to Business Standard    Ours is a capital light business. It is also a high margin business as I have shown to you and I think shareholders will be well-rewarded in the coming quarters.

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Anil Ambani, Chairman, Reliance Group   Expect overall debt for RCom to be around Rs 6000 crore

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Anil Ambani, Chairman, Reliance Group   China Development Bank is largest relationship bank for RCom

Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

Anil Ambani, Chairman, Reliance Group   EV of new RCom at Rs 15,000 crore as per Credit Suisse estimates

First Published: Tue, December 26 2017. 15:32 IST
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Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

All that happened in today's trade

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