Market at all-time high! Sensex closes above 31,800, Nifty above 9,800 for the first time ever
1 New Update
04:08:30 PM IST, 12 July 2017
CLOSING BELL: SENSEX, NIFTY50 HIT LIFETIME HIGH AGAIN
BSE Sensex ended the day 57 points higher at 31,804.82 with Hindustan Uniliver (up 2.04 per cent), ONGC (up 1.59 per cent), SBI (up 1.34 per cent) aiding the gains. Energy stocks such as Chennai petroleum Corporation (up 9.16 per cent) and Hindustan Petroleum (up 5.07 per cent) hogged the limelight as crude prices increased. BSE Energy closed the session at 3,593.58, up 1.24 per cent.
03:19:52 PM IST, 12 July 2017
THESE STOCKS SURGED OVER 15% TODAY
Shares of Spice Mobility (up 20 per cent), Housing & Urban Development Corporation (up 16.51 per cent) and Rico Auto (up 15.91 per cent) surged over 15 per cent on NSE in Wednesday's trade.
02:46:51 PM IST, 12 July 2017
BAJAJ CORP Q1 NET PROFIT JUMPS 5% YOY TO RS 55 CRORE
FMCG firm Bajaj Corp on Wednesday reported 5.30 per cent year-on-year rise in net profit at Rs 54.97 crore against Rs 52.20 crore in the corresponding quarter last year. However, revenue of the company declined by 7.17 per cent to Rs 197.43 crore during the quarter under review.
01:56:05 PM IST, 12 July 2017
AUTO STOCKS POSITIVE; TATA MOTORS, EICHER AMONG TOP GAINERS
Shares of Bharat Forge (up 1.60 per cent), Exide Industries (up 1.29 per cent), Amara Raja Batteries (up 1.13 per cent), Tata Motors (up 1.04 per cent), Bosch (up 0.80 per cent) and Eicher Motors (up 0.48 per cent) were among top gainer auto stocks as the Nifty Auto index was trading 27 points up at 10,903 in Wednesday's trade.
01:34:05 PM IST, 12 July 2017
EUROPEAN STOCKS RISE, POUND FALLS
European equities rose and the pound slid as attention turned to central bank policy after markets were rattled by reports of Donald Trump Jr.’s contact with a Russian lawyer. The pound dropped against G-10 peers following a report that Bank of England Deputy Governor Ben Broadbent said he wasn’t ready to support a rate hike.
01:28:11 PM IST, 12 July 2017
MARKET MAY BE RALLYING, BUT BULLS ARE WALKING ON THIN ICE
As the Nifty50 climbed the 9,800 level from 9,500 in just eight sessions, it left everyone wondering what might have brought the bulls back on Dalal Street with all guns blazing. Some analysts say this week’s rally is being driven by short coverings, but others say all is well with fundamentals, and the market is pricing in future growth.
01:01:37 PM IST, 12 July 2017
PHARMA STOCKS FALL; AUROBINDO, SUN PHARMA AMONG TOP LOSERS
Shares of Divi's Laboratories (down 1.39 per cent), GlaxoSmithKline Pharmaceuticals (down 0.86 per cent), Aurobindo Pharma (down 0.71 per cent), Sun Pharmaceutical Industries (down 0.47 per cent), Dr. Reddy's Laboratories (down 0.31 per cent) and Cadila Healthcare (down 0.23 per cent) were trading in red as the Nifty Pharma index that was trading at 9,785.95, down 0.16 per cent in Wednesday's trade.
12:48:40 PM IST, 12 July 2017
PSU BANKS STAY FIRM; SBI, PNB TRADE IN GREEN
State Bank of India (up 0.41 per cent) was leading in Nifty PSU Bank index followed by IDBI Bank (up 0.35 per cent) and Punjab National Bank (up 0.13 per cent) as the index was trading at 3,436.75, up 0.17 per cent.
12:22:28 PM IST, 12 July 2017
STOCKS THAT 52-WEEK HIGH IN TODAY'S SESSION
Over 30 stocks, including Automotive Stamp, Au Small Finance Bank, PTC India, Housing & Urban Development Corporation, Bodal Chemicals, Aditya Birla Money and Central Depository Services (India) hit their fresh 52-week high on NSE in Wednesday's trade.
12:08:09 PM IST, 12 July 2017
<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Equity market is at a fresh 'bottom', en route to $5 trillion marketCap in 5 yrs, focus on <a href="https://twitter.com/hashtag/StockPicking?src=hash">#StockPicking</a> Bullish on <a href="https://twitter.com/hashtag/ChangingIndia?src=hash">#ChangingIndia</a></p>— Porinju Veliyath (@porinju) <a href="https://twitter.com/porinju/status/884994205667516416">July 12, 2017</a></blockquote>
11:58:20 AM IST, 12 July 2017
THIS DOLLY KHANNA, PABRAI STOCK SURGED 250% IN 1 YEAR
Dolly Khanna bought 42.68 lakh shares, or 1.27 per cent, stake in the company during the June quarter. Mohnish Pabrai bought his stake in the company much earlier and has already earned multibagger returns. And he still holds it.
11:43:33 AM IST, 12 July 2017
ONGC, HPCL JUMP 3% ON MERGER ANNOUNCEMENT
Shares of ONGC and HPCL advanced 3 per cent each in Wednesday's trade on reports that the proposed ONGC-HPCL deal will be completed by the end of FY18. Following the development, the stock advanced 2.96 per cent to Rs 164.75 on BSE. It opened at Rs 296 and touched an intraday high and low of Rs 296 and Rs 290.50 respectively, in trade so far. Meanwhile, shares of HPCL gained 2.65 per cent to Rs 351.
11:19:09 AM IST, 12 July 2017
RELIANCE INDUSTRIES HITS 9-YEAR HIGH AS JIO REVISES RATES
Shares of oil-to-telecom behemoth Reliance Industries (RIL) advanced as much as 2 per cent in early trade and hit fresh 52-week high of Rs 1,524.50 on Wednesday after the company’s subsidiary Reliance Jio Infocomm, the newest telecom operator in India, increased the effective rates of its services in a new set of tariffs unveiled on Tuesday.
11:01:39 AM IST, 12 July 2017
TATA GLOBAL BEVERAGES GAINS 3%
Shares of Tata Global Beverages (TGBL) jumped nearly 3 per cent in Wednesday's trade after a media report suggested that the company has decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. Following the report, the stock rose 2.72 per cent to hit a high of Rs 173.50 on BSE.
10:40:23 AM IST, 12 July 2017
MOST ACTIVE STOCKS IN TERMS OF VOLUME
Shares of Bharti Infratel (number of shares traded: 0.15 crore), Vedanta (0.11 crore), Hindalco (0.10 crore), ITC (0.08 crore), RIL (0.08 crore), Ashok Leyland (0.08 crore) and SBI (0.08 crore) emerged as the most active stocks in terms of volume in Wednesday's trade.
10:15:53 AM IST, 12 July 2017
ITC, BRITANNIA ADVANCE AFTER SC ASKS COS TO SETTLE DISPUTE
Shares of Britannia Industries and ITC gained in Wednesday’s trade after the Supreme Court asked both the companies to settle their dispute regarding the alleged deceptive packaging of their digestive biscuits out of court. Following the development, shares of ITC rose 1 per cent to hit a high of Rs 333.70 on BSE. Britannia Industries rose 0.61 per cent to Rs 3712.50.
09:46:23 AM IST, 12 July 2017
BODAL CHEMICALS SCALES RECORD HIGH
Shares of Bodal Chemicals surged as much as 12 per cent in early trade on Wednesday and hit fresh record high of Rs 187.05 after investor Ashish Kacholia, known for his multi-bagger mid- and small-cap picks, on Tuesday bought 12 lakh shares in the company at Rs 165 per share.
09:45:56 AM IST, 12 July 2017
RUPEE OPENS 8 PAISE HIGHER AGAINST US DOLLAR AT 64.51
The rupee on Wednesday opened 8 paise up at 64.51 against dollar on account of selling of American currency by banks and exporters. The local currency on Tuesday closed 6 paise down at 64.59 against dollar. The RBI, meanwhile, fixed the reference rate for the dollar at 64.5025 and for the euro at 73.4361.
09:22:13 AM IST, 12 July 2017
OPENING BELL: SENSEX, NIFTY OFF TO POSITIVE START
Benchmark indices on Tuesday kicked off the session on a firm note, with NSE barometer Nifty50 reclaiming 9,800 level while the BSE Sensex climbing over 50 points in what analysts say was a short covering-driven rally. Shares of index heavyweights Reliance Industries Biocon rallied 8%, Airtel, Lupin gained 1% each.
09:02:03 AM IST, 12 July 2017
PRE-OPEN SESSION: SENSEX CLIMBS 100 PTS, NIFTY50 ABOVE 9,800
Sensex climbs over 100 points, Nifty50 reclaims 9,800; rupee trades at 64.51 against the US dollar.
08:41:10 AM IST, 12 July 2017
BSE MARKET CAP
Total market valuation of all listed companies on BSE touched a record high of Rs 130 lakh crore on Tuesday as stocks rallied, but it later slipped below this level on late selloff. At close of trade, the m-cap stood at Rs 1,29,29,787 crore. There are over 5,200 companies listed on BSE, of which over 2,878 are traded actively.
08:40:45 AM IST, 12 July 2017
CRUDE OIL EXTENDS GAIN
Oil prices on Wednesday extended gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged. Brent crude futures rose 65 cents, or 1.4 percent to $48.17 per barrel, while WTI crude futures were at $45.77 per barrel, up 73 cents, or 1.6 percent. Both settled about 1.4 per cent higher on Tuesday.
08:40:37 AM IST, 12 July 2017
RUPEE SLIPS AGAINST DOLLAR
The rupee retreated from two- week high levels against the US currency and ended lower by 6 paise at 64.59 on fresh bouts of dollar demand amid Fed rate hike rhetoric . Forex market sentiment was hit by hawkish remarks from a Fed official who advocated a rate hike this year
08:40:26 AM IST, 12 July 2017
NIFTY TECH CHARTS EDGY
The Nifty50 hit the 9,800 mark for the first time ever on Tuesday, but pared gains to close with modest gains. The index appeared to have formed a ‘Shooting Star’ pattern, suggesting uneasiness among traders at higher levels. Analysts pointed out that even the advance-decline ratio was skewed in favour of the bears.
08:40:16 AM IST, 12 July 2017
US MARKETS FLAT
US stocks tanked in late-morning trade on Tuesday after emails disclosed by President Donald Trump's eldest son cited Russian support for his father's 2016 election campaign, Reuters reported. Stocks recovered later in the day and the Dow closed 0.55 points higher at 21,409. The S&P500 index ended 1.9 points down at 2,425 and the Nasdaq 16.91 points up at 6,193.
08:40:06 AM IST, 12 July 2017
ASIAN MARKETS WEAK
Asian equities were moderately lower in early Wednesday trade as markets digested the release of a series of emails from the son of President Donald Trump, reported CNBC. Japan's Nikkei 225 slid 0.28 per cent while South Korea's benchmark Kospi edged down 0.04 per cent in early trade.
08:39:55 AM IST, 12 July 2017
SIGNAL FROM SINGAPORE
At 6.30 am, Nifty50 futures on the Singapore Stock Exchange were trading 10.50 points higher at 9,804, indicating a flat to positive opening for the domestic market.
08:39:45 AM IST, 12 July 2017
SENSEX ON TUESDAY
Domestic equity indices were on an unstoppable rally on Tuesday with the Sensex and Nifty scaling to fresh record highs for the second consecutive day in a row. The Nifty50 gained 15 points to end the day at 9,786. BSE Sensex gained 31 points to close at a lifetime high of 31,747. Infosys was the biggest contributor, adding over 35 points to the index, while TCS followed with 22 points.
08:39:28 AM IST, 12 July 2017
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