You are here: Home » Markets » News
Business Standard

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

All that happened in the markets today

SI Reporter  |  New Delhi 

Bonds, Stock markets, Shares, Trading

Benchmark indices ended at new closing high on Friday, tracking global equity on the back of robust economic data.

Asian shares inched closer to a record high after a report released on Thursday showed US private employers added higher-than-expected 250,000 jobs in December.

The Industrial Average sailed past the 25,000 mark for the first time on Thursday, while both the S&P 500 and the Nasdaq Composite notched record closing highs.

Back home, focus shifts to earnings with Tata Consultancy Services and Infosys scheduled to reports Q3 numbers late next week, amid signs the economy is recovering after the withdrawal of high-denomination currency bills in late 2016 and the introduction of the goods and services tax (GST) last year.  

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

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%

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

Nifty PSU Bank was the only sectoral index in red Source: NSE

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

Sectoral Trend Source: NSE

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

Top Sensex gainers and losers Source: BSE

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

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

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

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.

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

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

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

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

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

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

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

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%

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

FY18 GDP advance estimates today: A look at hits & misses of the past   The Advance Estimates of growth in gross domestic product for the current financial year, which will be released on Friday, may give the correct picture of the economy if the strike rate of the correctness of these data with the first provisional data for the past two years is sustained.    The estimates were also on the dot in 2013-14 when growth had slid to five per cent due to the so-called policy logjam. For the rest of the years, the deviation was a couple of percentage points here and there, barring the global financial crisis year of 2008-09 and 2011-12 when the eurozone crisis hit the world economy. Advance Estimates are used for computing Budget numbers such as fiscal deficit. READ MORE

First Published: Fri, January 05 2018. 15:30 IST
RECOMMENDED FOR YOU

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

All that happened in the markets today

Benchmark indices ended at new closing high on Friday, tracking global equity on the back of robust economic data.

Asian shares inched closer to a record high after a report released on Thursday showed US private employers added higher-than-expected 250,000 jobs in December.

The Industrial Average sailed past the 25,000 mark for the first time on Thursday, while both the S&P 500 and the Nasdaq Composite notched record closing highs.

Back home, focus shifts to earnings with Tata Consultancy Services and Infosys scheduled to reports Q3 numbers late next week, amid signs the economy is recovering after the withdrawal of high-denomination currency bills in late 2016 and the introduction of the goods and services tax (GST) last year.  

image
Business Standard
177 22