Sensex ends at record high, Nifty settles over 10,550 for first time ever

All that happened in the markets today

3:44 PM

Markets today

S&P BSE Sensex	34,153.85		0.54%
Nifty 50	10,561.35		0.54%
S&P BSE 200	4,712.02		0.68%
Nifty 500	9,573.10		0.71%
S&P BSE Mid-Cap	18,070.03		0.69%
S&P BSE Small-Cap	19,704.92		0.97%

3:43 PM

Nifty PSU Bank was the only sectoral index in red

Source: NSE

3:41 PM

Sectoral Trend

Source: NSE

3:40 PM

Top Sensex gainers and losers

Source: BSE

3:37 PM

Markets at Close

The S&P BSE Sensex ended at new closing high at 34,153, up 184 points while the broader Nifty50 indec settled abobe 10,550 for the first time ever. It ended at 10,558, up 54 points

3:19 PM

FMCG sector grows by 9% in Dec 16-Nov 17 period

 

The fast moving consumer goods (FMCG) sector in India grew by nine per cent between December 2016 and November 2017, as per research agency Nielsen. While, the growth figure stands taller with comparable numbers for the past five years, a lower base may have played a role.

 

During the period FMCG majors like Hindustan Unilever (HUL), Dabur and Marico witnessed severe fluctuations in sales numbers. HUL – the largest player in the sector – for example, posted four per cent growth in volume during January-March quarter, followed by flat sales in June quarter.

For Dabur, the numbers are lower. While, it managed to post 2.4 per cent growth during the first three months of the year, sales dipped 4.4 per cent year-on-year during April-June, thanks to the massive destocking exercise taken up by all trade partners. Marico, after posted impressive 10 per cent growth in March, witnessed nine per cent plunge in volume uptick.

3:11 PM

BSE Telecom index nears record high; up 3%

 

Shares of telecommunication companies were in focus with the S&P BSE Telecom index rallying more than 3% on BSE, trading close to its record high.

 

Idea Cellular, Bharti Airtel, Reliance Communications (RCom), Tejas Networks, GTL, GTL Infrastructure, Aksh Optifibre and Sterlite Technologies from the telecom index have surged up to 12% on BSE in intra-day trade. READ MORE

3:03 PM

Subros starts supply of blower for trucks; stock hits record high

 

Subros hit an all-time high of Rs 347, up 11% on BSE in intra-day deal, after the company announced that it has started supply of blower for trucks to its customers include Tata Motors and Ashok Leyland.

 

During the past year, Subros has intimated its investors and stakeholders about the impact of notification(s) issued by the Ministry of State for Road Transport and Highways about introduction of Blower in Truck application for N2 (3.5 to 12 tonnes) and N3 (above 12 tonnes) category trucks, the company said in a regulatory filing.

 

Subros has tied up with Ashok Leyland, Swaraj Mazda Isuzu, Mahindra Truck and Bus Division and Tata Motors for the businesses, it added. READ MORE

2:47 PM

Looking at cryptocurrencies? These altcoins are rising faster than bitcoin

 

Bitcoin alternatives are closing the gap with the market leader after names like stellar and cardano became red hot as 2017 was closing.

 

The biggest cryptocurrency's share of market value has fallen to a record 36 per cent from 56 per cent a month ago, according to CoinMarketCap prices for coins and tokens. Stellar, designed for cross-border payments, has more than doubled in the first trading days of this year, achieving a record market cap of more than $13 billion.

 

That kind of move raises questions as to whether speculators will drive up second-tier digital coins at the expense of bitcoin, even though they have different purposes. The paper value of all cryptocurrencies combined has more than doubled to almost $700 billion in the past month. READ MORE

2:32 PM

Market Check

S&P BSE Sensex	34,135.27		0.49%
Nifty 50	10,549.60		0.43%
S&P BSE 200	4,709.26		0.62%
Nifty 500	9,565.90		0.63%
S&P BSE Mid-Cap	18,072.96		0.71%
S&P BSE Small-Cap	19,697.92		0.93%