BSE Sensex and NSE Nifty closed higher on Thursday. Photo: Mint
BSE Sensex and NSE Nifty closed higher on Thursday. Photo: Mint

Market Wrap: Sensex closes at record high, Nifty above 10650, IT, telecom stocks rise

BSE Sensex closed higher by 70.42 points to 34,503.49, while the Nifty 50 rose 19 points to close at 10,651.20. Here are the latest updates from the markets

MUMBAI : Mumbai: Benchmarks Sensex and Nifty closed at fresh life-time highs on Thursday on optimism surrounding corporate earnings amid mixed global cues. The BSE Sensex rallied to a record high of 34,558.88 intraday before ending at 34,503.49, a rise of 70.42 points, or 0.20%. The 50-share Nifty spurted to touch an all-time high of 10,664.60 on a flurry of buying before settling 19 points, or 0.18%, higher at 10,651.20. Among the sectoral indices, realty, IT and teck led the gains, while oil and gas and energy ended lower. Infosys, Bharti Airtel and Kotak Bank were top gainers, whereas IndusInd Bank, Wipro and ICICI Bank fell.

11 Jan 2018, 03:35:00 PM IST

Closing bell

BSE Sensex closed higher by 70.42 points, or 0.20%, to 34,503.49, while the Nifty 50 rose 19 points, or 0.18%, to close at 10,651.20.

11 Jan 2018, 02:50:00 PM IST

Market update

BSE Sensex traded higher by 49.13 points, or 0.14%, to 34,482.20, while the Nifty 50 rose 5.85 points, or 0.06%, to 10,638.05.

11 Jan 2018, 02:48:00 PM IST

IndusInd shares fall after earnings

IndusInd Bank shares fell 2.29% to Rs1695 following December quarter results. The company reported a net profit of Rs936.25 crore in the quarter ended 31 December, compared to Rs750.64 crore. The company’s total NPAs also increased to 1.16% in the quarter from 1.08% in the year-ago period.

11 Jan 2018, 02:45:00 PM IST

Rupee trades lower against US dollar

The Indian rupee weakened marginally against US dollar in the mid day trading session. The home currency was trading at 63.72 a dollar, down 0.20% from its Wednesday’s close of 63.60. The rupee opened at 63.67 a dollar and touched a high and a low of 63.65 and 63.82, respectively.

11 Jan 2018, 02:40:00 PM IST

European shares trade mixed

Europe’s main stock markets struggled in early morning deals on Thursday. London’s benchmark FTSE 100 rose almost 0.1% to 7,755.65. In the eurozone, the Paris CAC 40 was almost unchanged at 5,505.03 points, while Frankfurt’s DAX 30 fell 0.1% to 13,266.42.

11 Jan 2018, 02:35:00 PM IST

Cochin Shipyard shares gain on pact with Mumbai Port Trust

Cochin Shipyard Ltd said that the company signed a memorandum of understanding with Mumbai Port Trust for management and operation of management and operation of the ship repair facilities. Shares rose 4.24% to Rs557.50.

11 Jan 2018, 02:33:00 PM IST

SBI begins insolvency process against IVRCL

IVRCL Ltd said State Bank of India has initiated corporate insolvency resolution process against the company with the NCLT. Shares were up 4.95% at Rs6.15.

11 Jan 2018, 12:48:00 PM IST

Market update

BSE Sensex traded higher by 100.10 points, or 0.29%, to 34,533.17, while the Nifty 50 rose 23.25 points, or 0.22%, to 10,655.45.

11 Jan 2018, 12:45:00 PM IST

Bodhtree Consulting shares gain on new order

Bodhtree Consulting Ltd said it has received an order worth Rs8.38 crore from the Indian Council of Forestry Research and Education, Dehradun. Shares rose 2.01% to Rs94.

11 Jan 2018, 11:48:00 AM IST

BSE Realty index hits 7 year high

BSE Realty Index hits 7 year high. The index hit a high of 2801 -- a level last seen on 6 Jan 2011 and gained as much as 1.9% in intraday. Among the realty stocks, Prestige Estate Ltd rose 4%, Phoenix Mills 3.6%, Godrej Properties Ltd 3.1%, Indiabulls Real Estate 2.1%, DLF Ltd 1.2%, DB Realty 1%.

11 Jan 2018, 11:45:00 AM IST

Bitcoin prices fall as South Korea plans to ban cryptocurrency trade

Bitcoin skidded on Thursday, after South Korea’s justice minister said a bill to ban cryptocurrency trade was being prepared. Bitcoin was down more than 10% on the Bitstamp exchange at $13,350 on the newss, after earlier dropping as low as $13,120, its weakest since 2 January. (Reuters)

11 Jan 2018, 10:53:00 AM IST

Market update

BSE Sensex inched up by 13.99 points, or 0.04%, to 34,447.06, while the Nifty 50 edged down 1.90 points, or 0.02%, to 10,630.30.

11 Jan 2018, 10:50:00 AM IST

Indusind Bank shares fall before quarterly results

Indusind Bank fell 0.07% to Rs1733.60 ahead of its earnings due later today. According to 8 Bloomberg analysts estimate, the bank may post a net profit of Rs 945 crore.

11 Jan 2018, 10:47:00 AM IST

TCS shares trade lower ahead of earnings

Tata Consultancy Services Ltd fell 0.51% to Rs2792.80 ahead of its earnings due later today. According to 19 Bloomberg analysts estimate, the company may post a net profit of Rs6532.70 crore while net sales will be at Rs31041.70 crore.

11 Jan 2018, 10:45:00 AM IST

GMR Infrastructure shares gain on fund raising plan

GMR Infrastructure Ltd rose 1.1% to Rs22.50 after The Economic Times reported that GMR Infrastructure is looking to raise between Rs4,000 crore and Rs5,000 crore through the listing of its airport holding entity to pare debt and mobilise expansion funds.

11 Jan 2018, 10:40:00 AM IST

Jai Corp shares jump 10% on report of stake purchase by RIL chief

Jai Corp. Ltd rose 10% to Rs221.30 after Business Standard reported that Reliance Industries chairman Mukesh Ambani through his personal investment firms is in talks to buy BSE-listed Jai Corp.’s 24% stake in Navi Mumbai Special Economic Zone.

11 Jan 2018, 09:35:00 AM IST

Infosys shares rise ahead of earnings

Infosys Ltd rose 1% to Rs1,060 ahead of its December quarter earnings due on Friday. According to 18 Bloomberg analysts’ estimate, the company may post a net profit of Rs3,601.60 crore, while net sales will be at Rs17,836.90 crore.

11 Jan 2018, 09:33:00 AM IST

Jindal Steel shares fall following CBI charges

Jindal Steel and Power Ltd fell 2% to Rs257.05 after CBI presses bribery charge against Naveen Jindal for irregularities in the allocation of a Jharkhand coal block.

11 Jan 2018, 09:30:00 AM IST

Welspun Enterprises shares gain on pact with Madhya Pradesh

Welspun Enterprises Ltd rose 2% to Rs192.40 after the company entered into a concession pact with Madhya Pradesh government for Dewas water supply project.

11 Jan 2018, 09:28:00 AM IST

Rupee opens marginally lower against US dollar

The Indian rupee weakened marginally against US dollar in the opening trade. The rupee opened at 63.67 a dollar. At 9.15am, the home currency was trading at 63.71 a dollar, down 0.17% from its Wednesday’s close of 63.60. The 10-year bond yield was at 7.238% compared to its previous close of 7.26%.

11 Jan 2018, 09:25:00 AM IST

Market update

BSE Sensex inched up by 19.71 points, or 0.06%, to 34,452.75, while the Nifty 50 edged down 2.50 points, or 0.02%, to 10,629.70.

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