Sensex, Nifty end at record closing high for second straight session

Catch here all that happened in the market today

3:58 PM

Analyst View

 

Anand James, Chief Market Strategist at Geojit Financial Services says: VIX value has crossed above the 6 month average and despite continued gains, volatility remains dominant. Market looks to have priced in a RBI move lower, and will take support from robust auto sales figures for July. Call option strikes indicates that the short term outlook for the market is positive.

3:56 PM

InterGlobe Aviation, which owns IndiGo airlines, pared gains to end in red post rising as much as 3.1% after reporting a record quarterly profit on Monday powered by growth in passenger revenue.

3:43 PM

Tech Mahindra, up 4% is the top performing IT stock on strong Q1 earnings. Other tech stocks that gained included Wipro and KPIT.

3:39 PM

Except Nifty PSU Bank index and Nifty Fin Services index, all other sectoral indices were trading in green. Nifty Auto rose the most, up 1.5% followed by Nifty Metal, Nifty Pharma and Nifty IT

3:37 PM

Top gainers and losers on BSE Sensex

Source: BSE

3:35 PM

In broader markets, BSE Midcap index outperformed the benchmark indices, up 0.4% while the BSE Smallcap index underperformed, losing 0.1%

3:34 PM

Benchmark indices ended at record closing highs for second stright session with Nifty closing above 10,100 for the first time ever on strong auto sales numbers and hope that RBI will cut interest rates tomorrow. 

The S&P BSE Sensex ended at fresh closing high of 32,575, up 60 points while the broader Nifty50 index ended at new closing high of 10,121, up 44 points

3:22 PM

World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar edged up slightly from 14-month lows.

 

Softening US inflation and incessant political turmoil has hit prospects of another Federal Reserve rate hike in coming months and sent the dollar down 10 percent from its January peaks.

3:08 PM

At 3:07 pm, the Sensex was trading at 32,567, up 52 points, while the broader Nifty50 was ruling at 10,102, up 25 points.

In broader markets, BSE Midcap outperformed benchmark indices, up 0.5% while BSE Smallcap indices fell 0.1%

2:41 PM

Marico falls post Q1

Marico dipped 5% to Rs 317 in intra-day trade, falling 6% from its record high of Rs 336 touched in early morning trade on BSE, after it reported 215 bps decline in EBITDA margin at 19.2% in June quarter (Q1FY18).

 

The personal products company posted 12% year-on-year (YoY) declined in net profit at Rs 232 crore, while operational revenue fell 4% YoY to Rs 1,692 crore, over the previous year quarter.