Thursday 12 July 2018

Market Live: Sensex at record high, gains over 250 pts; Nifty @11K

Market Live: Sensex at record high, gains over 250 pts; Nifty @11K. Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark.


Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark. 

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Market Update: Equity benchmarks have continued to trade strong, with the Sensex rising over 250 points, while the Nifty continues to trade above 11,000-mark.

The Sensex is up 269.49 points or 0.74% at 36535.42, while the Nifty is up 84.30 points or 0.77% at 11032.60. The market breadth is positive as 1,295 shares advanced, against a decline of 548 shares, while 112 shares are unchanged.
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Yes Bank, Reliance Industries, HPCL, and BPCL were the top gainers, while Infosys, M&M, and Bharti Infratel lost the most.

Buzzing Stock: Shares of Fortis Healthcare rose 2.7 percent in the opening trade on Thursday as the company to consider fundraising.

A meeting of the board of directors of a company shall be held on July 13 to consider and if thought fit approves raising funds through issue of securities on a preferential allotment basis.

The share touched its 52-week high Rs 171.35 and 52-week low Rs 106.65 on 03 January 2018 and 06 February 2018, respectively.

Buzzing Stock: Shares of HCL Technologies added 1.5 percent in the opening trade on Thursday as the board to consider buyback of shares.

A meeting of the board of directors of the company is scheduled to be held on July 12, 2018, to consider a proposal for buyback of equity shares.
 
Market opens: It’s a green start to the market and the Nifty has managed to reclaim 11,000 in the opening tick. It has achieved the feat for the first time since February 1. The Sensex is touched an all-time high mark as well and is up over 180 points as well.

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The Sensex is up 187.13 points or 0.52% at 36,453.06, while the Nifty is up 65.40 points or 0.60% at 11,013.70. The market breadth is positive as 502 shares advanced, against a decline of 139 shares, whereas 41 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains in PSU banks, energy and metal names, while midcaps, too, are trading almost a percent higher.

Rupee opens: The Indian rupee opened flat at 68.76 per dollar on Thursday against previous close 68.77. Rupee consolidated in a narrow range of 68.50 and 69.00(Spot) despite strength in the dollar against its major crosses and volatility in global crude prices. On the domestic front, volatility for the USDINR pair could be confined to a narrow range ahead of inflation and industrial production number that will be released today. The expectation is that inflation could inch higher and that could keep gains capped for the rupee, said Motilal Oswal.



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