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Sensex ends above 35000 for first time ever; Nifty at new closing high

All that happened in the market today

SI Reporter  |  New Delhi 

Benchmark indices ended at fresh closing highs on Wednesday, as IT stocks such as Infosys and private lenders such as ICICI Bank rallied amid broader value buying in the market. Investors cheered after the government said it will reduce its additional borrowing to Rs 200 billion from the bond markets in the financial year 2017-18, from Rs 500 billion announced last month. This is primarily because the Reserve Bank of India will pay a higher-than-anticipated surplus to the Centre, and the dividend target from state-owned companies will also be met, senior government ...

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Sensex ends above 35000 for first time ever; Nifty at new closing high

Market rundown by Vinod Nair, Head of Research, Geojit Financial Services    "After an anguished start market turned pace to new highs as improvement in sentiment due to government’s reassessment to cut down additional borrowings for the current fiscal raised its fiscal prudence. Additionally, outperformance of PSU banks on account of underlying growth story and value buying in pharma & IT stocks gave traction to the market."

Sensex ends above 35000 for first time ever; Nifty at new closing high

Nifty Bank ends at record high

Sensex ends above 35000 for first time ever; Nifty at new closing high

PSU banks gain: Nifty PSU Bank index up 4%

Sensex ends above 35000 for first time ever; Nifty at new closing high

Nifty IT extends gains as rupee weakness continues

Sensex ends above 35000 for first time ever; Nifty at new closing high

Sectoral Trend

Sensex ends above 35000 for first time ever; Nifty at new closing high

Sensex top gainers and losers

Sensex ends above 35000 for first time ever; Nifty at new closing high

Markets at Close   Benchmark indices ended at record highs on Wednesday, as IT stocks such as Infosys and private lenders such as ICICI Bank rallied amid broader value buying in the market.   The S&P BSE Sensex ended at 35,081, up 310 points while the broader Nifty50 index settled at 10,788, up 88 points

Sensex ends above 35000 for first time ever; Nifty at new closing high

Jubilant Life Sciences zooms 15% on strong Q3 results   Jubilant Life Sciences hit a record high of Rs 931, up 15% on BSE in intra-day trade, after the pharmaceutical company reported a strong 78% year on year(y-o-y) jump in consolidated net profit at Rs 2.13 billion for December 2017 quarter (Q3FY18). The company had profit of Rs 1.18 billion in the same quarter last fiscal. Consolidated revenue grew 42% at Rs 20.68 billion against Rs 14.91 billion in the corresponding quarter of previous year. Read more

Sensex ends above 35000 for first time ever; Nifty at new closing high

Adani Group shares trade higher ahead of Q3 results   Shares of Adani Group companies – Adani Ports and Special Economic Zone (SEZ), Adani Transmission and Adani Enterprises – were trading higher by up to 5% ahead of October-December quarter (Q3FY18).   Adani Transmission, the largest gainer among the pack, was up 5% to Rs 235 on BSE in intra-day trade on Wednesday. The company engaged in electric utilities business is schedule to announce its Q3FY18 results today. Read more

Sensex ends above 35000 for first time ever; Nifty at new closing high

Investing in mutual funds? More cuts in expense ratio may not help you   Retail investors, while investing in mutual funds, should concentrate on three things: 1) Is the scheme they are investing in a long-term performer? That is, has the scheme been consistent over one bear and one bull cycle, at least? 2) What is the mandate for the scheme and does it suit your risk profile? For example, someone may want to sell you a sector fund that is performing well. But if you are investing for the first time, there is no point in buying such schemes because the fortunes of a sector fund can change much faster than that of a well-diversified scheme. 3) Cost of the scheme. Read more

Sensex ends above 35000 for first time ever; Nifty at new closing high

Broader Markets Broader markets in line with the benchmark indices with BSE Midcap and BSE Smallcap indices up 0.4% and 0.2%

First Published: Wed, January 17 2018. 15:31 IST
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Sensex ends above 35000 for first time ever; Nifty at new closing high

All that happened in the market today

Benchmark indices ended at fresh closing highs on Wednesday, as IT stocks such as Infosys and private lenders such as ICICI Bank rallied amid broader value buying in the market. Investors cheered after the government said it will reduce its additional borrowing to Rs 200 billion from the bond markets in the financial year 2017-18, from Rs 500 billion announced last month. This is primarily because the Reserve Bank of India will pay a higher-than-anticipated surplus to the Centre, and the dividend target from state-owned companies will also be met, senior government ...

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