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Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

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SI Reporter  |  New Delhi 

Benchmark indices ended at fresh closing highs for a third straight session on Friday, led by financial stocks amid improved investor sentiment after the government decided to cut tax rates on certain products and services. The rates have been lowered after revenues dipped following the rollout of a landmark nationwide sales tax from July. Taxes on goods including used motor vehicles and precious stones, and services relating to mining and oil exploration, are among those that will be reduced from January 25. Both indexes posted their seventh consecutive weekly ...

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Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Nifty Bank ends at record high up 1.40%

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Sectoral Trend

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Sensex Top gainers and losers

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Markets at close   Benchmark indices ended at fresh closing highs for a third straight session on Friday, led by financial stocks amid improved investor sentiment after the government decided to cut tax rates on certain products and services.   The S&P BSE Sensex ended at 35,511, up 251 points while the broader Nifty50 index settled at 10,894, up 77 points.

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Crude oil prices at $60 conducive to revenue growth: Air India CMD   Crude oil prices at around $60 per barrel is the "ideal" level for Air India to sustain its new-found revenue growth, the airline's Chairman and Managing Director (CMD) Pradeep Singh Kharola said.   When asked about the surge in crude oil prices and its impact on Air India's revenue growth, Kharola told IANS: "I believe the airline is comfortable with oil prices being in the range of $60-65 per barrel."   "Anything beyond this range will obviously erode our bottom line," he said at the company's HQ.

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Satyam scam: SAT refuses to lift Sebi's two-year ban on Price Waterhouse   The Securities Appellate Tribunal (SAT) on Friday said that Price Waterhouse could continue to service existing clients whose financial year started on January 1, 2018, but it refused to grant a stay on a two-year audit ban ordered by the market regulator.   The markets regulator, Securities and Exchange Board of India (Sebi), had last week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into the nearly decade-old accounting fraud case at software services company, B Ramalinga Raju-led Satyam Computer, that became India's biggest corporate scandal.   It had however allowed Price Waterhouse to continue auditing books for the current fiscal year ending in March. READ MORE

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Sebi allows investment up to 25% in REITs/InvITs to attract investors   To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25% of the total offer size of such trusts.   "The strategic investor(s) shall, either jointly or severally, invest not less than 5% and not more than 25% of the total offer size," Securities and Exchange Board of India said in a circular. Read more  

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Jubilant FoodWorks hits new high on solid Q3 performance   Jubilant FoodWorks hit a new high of Rs 2,053, up 6% on BSE in intra-day deal, after the company reported a strong Same Store Growth (SSG) of 17.8% for Domino’s as against analyst’s expectation of around 8% in December quarter (Q3FY18). The company had recorded a negative growth of 3.3% in a year ago quarter.   The company reported more than doubled net profit at Rs 660 million in Q3FY18 from Rs 200 million in the corresponding quarter of previous fiscal.   Operating revenues grew 20.7% year on year (YoY) to Rs 7.95 billion over the previous year quarter. READ MORE

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Hackers have walked off with 14% of big digital currencies   Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms.   In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival currency Ether, according to Lex Sokolin, global director of fintech strategy at Autonomous Research LLP. Given the currencies’ explosive surge at the end of 2017, the cost in today’s money is much higher.   “It looks like crypto hacking is a $200 million annual revenue industry,” Sokolin said. Hackers have compromised more than 14 percent of the Bitcoin and Ether supply, he said. READ MORE

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Cigarette maker ITC's third-quarter profit rises 17%; beats estimates   ITC Ltd, India's biggest cigarette maker, posted a 16.8% rise in its third-quarter profit on Friday, helped by a one-time gain.   The company, which also makes consumer goods ranging from biscuits to skincare products, said its profit rose to Rs 30.90 billion ($484.53 million) in the quarter ended December 31, from Rs 26.47 billion a year ago. Read more   Earnings impact

Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

Market Check S&P BSE Sensex 35,378.16 0.33%   Nifty 50 10,830.30 0.12%   S&P BSE 200 4,775.74 0.21%   Nifty 500 9,645.80 -0.01%   S&P BSE Mid-Cap 17,596.99 -0.18%   S&P BSE Small-Cap 19,272.54 -0.07%

First Published: Fri, January 19 2018. 15:30 IST
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Sensex ends at fresh closing high, up 251 pts, Nifty settles near 10,900

All that happened in the market today

Benchmark indices ended at fresh closing highs for a third straight session on Friday, led by financial stocks amid improved investor sentiment after the government decided to cut tax rates on certain products and services. The rates have been lowered after revenues dipped following the rollout of a landmark nationwide sales tax from July. Taxes on goods including used motor vehicles and precious stones, and services relating to mining and oil exploration, are among those that will be reduced from January 25. Both indexes posted their seventh consecutive weekly ...

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