You are here: Home » Markets » News
Business Standard

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Catch all that happened in the market here

SI Reporter  |  New Delhi 

The benchmark indices, S&P BSE Sensex and Nifty50 settled the day on record closing highs on Monday as investors remianed optimistic on the June corporate results. Markets also shrugged off the global weakness with Asian markets ending mixed ahead of the joint OPEC and non-OPEC ministerial meeting later in the day. Meanwhile, the International Monetary Fund (IMF) retained India's economic growth projections at 7.2% in 2017-18, up slightly from 7.1% in the previous year. However, the growth would accelerate to 7.7% in 2018-19, IMF said.

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank 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.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

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 MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
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.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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 mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
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 your 5 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.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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 mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

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 your 5 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 :

  • 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 mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Anand James, Chief Market Strategist, Geojit Financial Services said: Market inched closer to the 10k level as the banking stocks registered a strong comeback today. Investors may expect buoyancy in the market to continue in the F&O expiry week, on the backdrop of short covering, especially in the banking sector. Monsoon updates, liveliness in rupee and the hopes on monsoon session of Parliament will drive the indices in the coming sessions.

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Nifty PSU Bank index Source: NSE

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

HDFC Bank gained 2% after the lender reported 20.22% rise in net profit to Rs 3,893.84 crore for the quarter ended on June 30, 2017, compared to the same period last year.

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Nifty50 index less than 50 points away from hitting the crucial 10,000-mark

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

All except metals and pharma sectoral indices ended the day in green. Nifty PSU Bank was the top gainer, up 1.5% followed by Nifty IT (up 1%), Nifty FMCG (up 0.9%) and Nifty Bank (0.7%)

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Bharti Airtel, Reliance Industries, HDFC Bank, Wipro and TCS gained the most on BSE Sensex while Dr Reddy's, Axis Bank, Tata Steel and Sun Pharma lost the most on the index.

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Benchmark indices settled the day at record closing highs as investors stay optimistic on Q1 earnings results, despite weakness in global markets.   The S&P BSE Sensex ended the day at a new milestone of 32,245, up 216 points, surpassing previous closing high of 32,074, hit on July 17. The broader Nifty50 index also settled the day at fresh closing high of 9,966, up 55 points, racing ahead of its previous high of 9,915, hit on July 17.

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

At 3:05 pm, the S&P BSE Sensex was trading at 32,229, up 200 points while the broader Nifty50 index was at 9,962, up 47 points. In broader markets, both BS Midcap and BSE Smallcap indices underperformed the frontline indices, up 0.3% each.

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Shares of public sector banks (PSBs) were in focus with the Nifty PSU Bank gaining over 2% on the National Stock Exchange (NSE).   Jammu & Kashmir Bank, Allahabad Bank, Bank of India, Andhra Bank and IDBI Bank were up more than 3%, while State Bank of India (SBI), Oriental Bank of Commerce, Punjab National Bank, Union Bank of India and Bank of Baroda were up 1%-3% on NSE. Click here for full report

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Top gainers and losers on BSE Sensex Source: BSE

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Markets Check At 2:00 pm, the Sensex was trading at 32,251, up 223 points, while the broader Nifty50 was ruling at 9,970, up 55 points.  

First Published: Mon, July 24 2017. 15:31 IST
RECOMMENDED FOR YOU

Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Catch all that happened in the market here

The benchmark indices, S&P BSE Sensex and Nifty50 settled the day on record closing highs on Monday as investors remianed optimistic on the June corporate results. Markets also shrugged off the global weakness with Asian markets ending mixed ahead of the joint OPEC and non-OPEC ministerial meeting later in the day. Meanwhile, the International Monetary Fund (IMF) retained India's economic growth projections at 7.2% in 2017-18, up slightly from 7.1% in the previous year. However, the growth would accelerate to 7.7% in 2018-19, IMF said.

image
Business Standard
177 22