Markets end at record closing high; Nifty hits 10,500, ends lower
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The benchmark indices settled at record closing highs with the Nifty50 touching its crucial 10,500 in last leg of trade, but ended below that mark.
Broader indices the S&P BSE Midcap and the S&P BSE Smallcap indices also hit their respective closing highs.
The Nifty IT (up 1%) and The Nifty PSU Bank (up 1.5%) were the leading sectoral gainers.
Overseas, European markets were trading lower, but Asian markets edged up on new data pointing to steady growth in the US economy. The third-quarter data showed that the US economy grew at its fastest pace in more than two years, powered by robust business spending.
3:57 PM
Vinod Nair, Head of Research, Geojit Financial Services
Passage of US tax reform bill aimed at reducing the corporate tax rates and strong US Q3 GDP growth of 3.2% led rally in global markets which was extended to domestic market and Nifty hit an all time high 10,500. The expectation of a good budget and strong H2FY18 earnings is supporting this rally. IT sector was the outperformer today due to big order win by IT major TCS. The weak crude prices and strong INR supported the sentiments.
3:55 PM
Market breadth
The breadth, indicating the overall health of the market, was strong. On the BSE, 1,570 shares rose and 1,173 shares fell. A total of 178 shares were unchanged.
The breadth, indicating the overall health of the market, was strong. On the BSE, 1,570 shares rose and 1,173 shares fell. A total of 178 shares were unchanged.
3:51 PM
Sensex heatmap at close
Source: BSE
3:51 PM
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Index watch
| S&P BSE Sensex | 33,940.30 | 0.55% | |
| Nifty 50 | 10,493.00 | 0.50% | |
| S&P BSE 200 | 4,654.67 | 0.41% | |
| Nifty 500 | 9,431.50 | 0.47% | |
| S&P BSE Mid-Cap | 17,573.78 | 0.11% | |
| S&P BSE Small-Cap | 18,991.20 | 0.58% | |
3:47 PM
Markets at close
The S&P BSE Sensex ended at 33,940, up 184 points, while the broader Nifty50 settled at 10,493, up 52 points.
Source: BSE
The S&P BSE Sensex ended at 33,940, up 184 points, while the broader Nifty50 settled at 10,493, up 52 points.
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,940.30 | +184.02 | +0.55 |
| S&P BSE SENSEX 50 | 10,940.76 | +50.72 | +0.47 |
| S&P BSE SENSEX Next 50 | 36,576.39 | +128.26 | +0.35 |
| S&P BSE 100 | 10,983.52 | +48.86 | +0.45 |
| S&P BSE Bharat 22 Index | 3,805.35 | +23.93 | +0.63 |
Source: BSE
3:20 PM
Morepen Labs, D B Realty surge 50% in one week
Morepen Laboratories and D B Realty, from the S&P BSE Smallcap index, have rallied 50% each during the current week t on back of positive development in these counters.
D B Realty was locked in upper circuit for the second straight day, up 20% at Rs 52.40 on the BSE, after a special court acquitted all those said to have been involved in the 2G scam including Vinod Goenka and Shahid Balwa, the managing directors and key managerial personnel of realty firm. READ FULL REPORT
3:06 PM
eClerx Services soars 16% on board nod for share buyback
eClerx Services moved higher to its 52-week high of Rs 1,590, up 16% on the BSE in noon deal, after the company announced that its board approved buyback of shares at price of Rs 2,000 per share through tender offer.
“The board approved a proposal for buyback of equity shares of the company, for an aggregate amount not exceeding Rs 258 crore and being within 25% of the total paid-up equity capital and free reserves of the company as on March 31, 2017, at a price not exceeding Rs 2,000 per equity share,” eClerx Services said in a statement. READ MORE
3:00 PM
Sensex off record high
Source: BSE
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,911.77 | +155.49 | +0.46 |
| S&P BSE SENSEX 50 | 10,930.77 | +40.73 | +0.37 |
| S&P BSE SENSEX Next 50 | 36,511.20 | +63.07 | +0.17 |
| S&P BSE 100 | 10,971.96 | +37.30 | +0.34 |
| S&P BSE Bharat 22 Index | 3,798.27 | +16.85 | +0.45 |
Source: BSE
2:48 PM
Goldman Sachs to set up cryptocurrency trading desk by June-end: Report
Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. CLICK HERE FOR DETAILS
2:32 PM
Buzzing stock
Ultramarine & Pigments is locked in upper circuit of 20% at Rs 354, also its 52-week high on the BSE, after Thirumalai Chemicals hike its stake in specialty chemicals company by nearly one percentage point through open market.
On Thursday, December 21, 2017, Thirumalai Chemicals purchased an additional 205,226 equity shares representing 0.7% stake in Ultramarine & Pigments at price of Rs 294.85 per share on the BSE, the bulk deal data shows. READ MORE
2:14 PM
Nifty trades below 10,500
2:10 PM
Top Sensex gainers and losers
Source: BSE
2:09 PM
Sensex hits fresh high of 33,959
Source: BSE
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,929.00 | +172.72 | +0.51 |
| S&P BSE SENSEX 50 | 10,935.45 | +45.41 | +0.42 |
| S&P BSE SENSEX Next 50 | 36,580.31 | +132.18 | +0.36 |
| S&P BSE 100 | 10,979.26 | +44.60 | +0.41 |
| S&P BSE Bharat 22 Index | 3,800.03 | +18.61 | +0.49 |
Source: BSE
1:52 PM
Top Nifty gainers in afternoon trade
Source: NSE
1:32 PM
Adani, ADAG Group stocks in focus
Shares of Gautam Adani-led Adani Group and Anil Dhirubhai Ambani (ADAG) Group companies were in focus for the second straight day and rallied by upto 10% in early morning trade on the BSE.
Adani Transmission, Adani Power, Adani Enterprises, Adani Ports and Special Economic Zone from the Adani Group were up in the range of 1% to 10%. Reliance Infrastructure (RInfra), Reliance Capital, Reliance Communications, Reliance Home Finance, Reliance Power, Reliance Nippon Life Asset Management and Reliance Naval and Engineering from the ADAG Group up between 1% and 8% on the BSE in intra-day trade. READ FULL REPORT
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First Published: Dec 22 2017 | 3:36 PM IST