You are here: Home » Markets » News
Business Standard

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Catch all live market action here

Topics
Markets

SI Reporter  |  New Delhi 

Benchmark indices ended on closing high on Tuesday as BJP's wins in key state elections continued to boost sentiment, with auto stocks leading the gains, while strength across Asian markets also lent support. Blue chips benefited after PM Narendra Modi’s Bharatiya Janata Party sealed victories in his home state of Gujarat and Himachal Pradesh, raising hopes of continued reforms. Auto stocks contributed the most to the indexes’ gains, with NSE Auto index climbing as much as 3.4% to a record high.  Focus will now shifts to macros and earnings ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Nifty Auto hits new high Source: NSE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Sectoral Trend Source: NSE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Top Sensex gainers and losers Source: BSE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Broader Markets In broader markets, both BSE Midcap and Smallcap indices outperformed benchmark indices, up 1.5% each

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Markets at close The benchmark indices ended at new closing highs after Modi's BJP won Gujarat and Himpachal Pradesh elections. The S$P BSE Sensex ended at a new closing high of 33,836, up 235 points while the broader Nifty50 index settled at new closing high of 10,472, up 83 points

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Maurti Suzuki enters top-5 club of most valuable companies   Maruti Suzuki India hit a new high of Rs 9,768, up 5% on the BSE in intra-day trade, making its entry into the list of the top-5 most valuable companies by market capitalisation (m-cap).   With an m-cap of Rs 294,641 crore, Maruti Suzuki India now features at fifth rank in the list by replacing fast moving consumer goods (FMCG) company Hindustan Unilever (HUL) from this prestigious club.  HUL have m-cap of Rs 291,382 crore at 02:48 pm, the BSE data shows.   Thus far in the calendar year 2017 (CY17), Maruti Suzuki India has outperformed the market by surging 83% as compared to 27% rise in the S&P BSE Sensex. HUL was up 63% during the same period. READ MORE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

World Bank lifts China's GDP outlook to 6.8%, maintains 2018 forecast   The World Bank on Tuesday raised its forecast for China's economic growth in 2017 to 6.8% from 6.7% it projected in October, as personal consumption and foreign trade supported growth.   But the Washington-based lender kept its forecast for China's 2018 and 2019 GDP growth unchanged at 6.4% and 6.3%, respectively, due to less accommodative monetary policy and the government's effort to rein in credit and control leverage.   The key downside risks to the forecast are the still rising leverage of the non-financial sector and uncertainty around housing prices. READ MORE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Auto stocks ride higher   Shares of automobile companies were on a roll with the S&P BSE Auto index and Nifty Auto index hitting their respective new highs on Tuesday on expectation of pickup in demand.   Motherson Sumi Systems, Bharat Forge, Hero MotoCorp, TVS Motor Company and Eicher Motors were up between 3% and 4%, while, Ashok Leyland, Tata Motors, Maruti Suzuki India and Bajaj Auto up 2% on the BSE. READ MORE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Bharat Wire Ropes gains after winning new orders   Bharat Wire Ropes rose 12.73% to Rs 128 on BSE after the company said it won new orders worth about Rs 48 crore from domestic and international market.   The announcement was made during trading hours today, 19 December 2017.

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Dr Reddy's settles 6-yr-old drug packaging case with US govt for $5 mn   Dr Reddy’s Laboratories Ltd will pay $5 million to resolve US claims that the Indian company sold prescription drugs in the United States in packaging that was not tested for child safety, according to court papers filed on Monday.   The settlement was disclosed in documents filed in federal court in Trenton, New Jersey, over a year after the US Consumer Product Safety Commission voted to refer a case involving the drugmaker to the US Justice Department.   Dr Reddy’s in a statement said that the safety of patients and consumers was of “paramount importance” to the company. It said it disagreed with the allegations but agreed to the settlement to avoid prolonged litigation. READ MORE

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Sugar shares gain   Shares of sugar companies were in focus and rallied up to 8% on the bourses after Indian Sugar Mills Association (ISMA) said the buying interest is improving, while the stock holding limit on traders has also been removed, which should boost sugar demand and sales.   Thiru Arooran Sugars, Kesar Enterprises, Mawana Sugars, Uttam Sugar Mills, Triveni Engineering Industries, Shree Renuka Sugar and Simbhaoli Sugars were up more than 5% on the BSE.    India's sugar production rose 30% to 69.4 lakh tonne during the first two and half months of the current marketing year on higher cane output, according to industry body ISMA. READ MORE

First Published: Tue, December 19 2017. 15:30 IST
RECOMMENDED FOR YOU

Markets end at new closing high: Sensex up 235 points, Nifty above 10,450

Catch all live market action here

Benchmark indices ended on closing high on Tuesday as BJP's wins in key state elections continued to boost sentiment, with auto stocks leading the gains, while strength across Asian markets also lent support. Blue chips benefited after PM Narendra Modi’s Bharatiya Janata Party sealed victories in his home state of Gujarat and Himachal Pradesh, raising hopes of continued reforms. Auto stocks contributed the most to the indexes’ gains, with NSE Auto index climbing as much as 3.4% to a record high.  Focus will now shifts to macros and earnings ...

image
Business Standard
177 22