Sensex Conquers 37,000 Peak, Nifty At All-Time High Of 11,179: 10 Points

[$@rJen]

Sensex Conquers 37,000 Peak, Nifty At All-Time High Of 11,179: 10 Points
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Nifty PSU Banking index led the gains as all 12 stocks advanced in trade.
Market | NDTV Profit Team | Updated: July 26, 2018 12:00 IST

by Taboola
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Share Market Update: At 11 am, the Sensex traded at 37,012.38 with a gain of 154.15 points or 0.42%.

Markets had a field day on Thursday as both the key equity benchmarks hit fresh life-time highs. The S&P BSE Sensex traded firmly above Mount 37,000 while the broader Nifty hit a new peak of 11,176. Experts attributed the solid gains in the markets to strong buying by domestic investors, good June quarter show by companies and global cues. The Sensex continued to scale multiple records as it first opened at 36,928.38, a new opening high, and then hit 37,024.55 in intra-day trade. The broader Nifty50 opened at 11,132.95 and within fifteen minutes surpassed its earlier record of 11,172.
Here are 10 things you should know about Thursday's trading session:

1. At 11 am, the Sensex traded at 37,012.38 with a gain of 154.15 points or 0.42 per cent. It hit an intra-day of 37,026.18. The top gainers in the 30-share pack were SBI (up 4.27 per cent), Bharti Airtel (up 1.49 per cent), ICICI Bank (up 1.44 per cent), Tata Motors (up 1.11 per cent), and ITC (up 0.89 per cent).
2. The Nifty50 was at 11,176.20, up 32.20 points or 0.40 per cent. Its intra-day high so far is 11,179.60. The top gainers in the 50-share benchmark were SBI (up 4.21 per cent), Indiabulls Housing Finance (up 2.66 per cent), UltraTech Cement (up 2.57 per cent), Eicher Motors (up 2.53 per cent), and ICICI Bank (up 1.33 per cent). Thirty-four out of 50 Nifty stocks traded with gains.
3. Airtel and ITC will both report their June quarter earnings later in the day. On Wednesday, L&T reported a 36 per cent rise in profit after tax for April-June at Rs. 1,200 crore as compared to Rs. 900 crore in the last quarter.
4. Nifty PSU Banking index led the gains as all 12 stocks advanced in trade.
5. Covering-up of short positions by participants ahead of July futures and options (F&O) expiry tomorrow also supported the upmove, brokers and experts said.
6. Strong liquidity in the market following unabated buying by domestic institutional investors and encouraging Q1 earnings by some companies lifted the mood, news agency Press Trust of India quoted analysts as saying.
7. "The compromise reached between the US and EU on trade guided the markets. Locally, Indian markets derivatives settlement has seen huge short-covering," AK Prabhakar, Head of Research, IDBI Capital told NDTV. Thursday marks the expiry of futures and options contracts for the month of July.
8. US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers, easing immediate concerns about global trade tensions.
9. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Australian shares fell 0.4 per cent and Japan's Nikkei stock index was 0.2 per cent lower. In China, the Shanghai Composite index fell 0.6 per cent and blue-chip shares lost 0.9 per cent, according to a Reuters report.
10. According to provisional data from the NSE, foreign portfolio investors sold shares worth Rs. 1,195.75 crore while domestic institutional investors bought equities worth Rs. 97.64 crore, on Wednesday. (With agencies inputs)

 

[kmc_chacko]

It seems Market is bullish towards election results of Pakistan.

 

[HariPrasad]

Ya that resulted in few K profit to me also.

 

[LASER1]

It seems Market is bullish towards election results of Pakistan.

Because of the changes in International market. Oil prices - Rupee and the profit statements of Indian MNC's. Including Pharma, coupled with Chinese have agreed on importing medicines in large quantities and so on.

Looks like China is going to face some heat from the US. Trump managed to get some concessions from EU over the Soybeans and LNG exports.

 

[Nilgiri]

Because of the changes in International market. Oil prices - Rupee and the profit statements of Indian MNC's. Including Pharma, coupled with Chinese have agreed on importing medicines in large quantities and so on.

Looks like China is going to face some heat from the US. Trump managed to get some concessions from EU over the Soybeans and LNG exports.

Also GST lowered on many middle-class consumer products really helped too recently.

 

[$@rJen]

Bull Run Continues On Dalal Street, Markets Hit New Highs
Sensex, Nifty on Friday: Domestic stock markets opened at fresh record highs yet again on Friday.
Market | NDTV Profit Team | Updated: July 27, 2018 09:44 IST

by Taboola
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Share Market on Friday: ITC, Bajaj Auto, Kotak Mahindra Bank led Sensex's gains.

Domestic stock markets opened at fresh record highs yet again on Friday. The Sensex opened at 37,253.86 while the Nifty50 at 11,232.75. ITC, Bajaj Auto, Kotak Mahindra Bank led Sensex's gains.

In global markets, Asian stocks struggled to gain traction, following a mixed Wall Street finish and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe, according to a Reuters report.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 per cent. The CSI300 of Chinese shares fell 0.5 per cent.

Japan's Nikkei eked out a 0.1 per cent gain though it was capped by worries that the Bank of Japan could scale down its asset purchase at its upcoming policy review next week.

In overnight trade, A plunge in Facebook Inc's shares pushed the Nasdaq down more than 1 per cent, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.

The Dow Jones Industrial Average rose 112.97 points, or 0.44 per cent, to 25,527.07, the S&P 500 lost 8.63 points, or 0.30 per cent, to 2,837.44 and the Nasdaq Composite dropped 80.05 points, or 1.01 per cent, to 7,852.19.

 

[$@rJen]

Sensex Hits Lifetime High Of 37,496; Nifty Above 11,300: 10 Points
Share Market on Monday: The top gainers in the 30-share Sensex pack were State Bank of India, ONGC, ICICI Bank, Vedanta, and Reliance Industries.
Market | NDTV Profit Team | Updated: July 30, 2018 10:10 IST

by Taboola
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Share Market on Monday: Twenty-eight out of 50 Nifty stocks advanced in trade.

The stock markets hit fresh lifetime highs on Monday as both the key equity benchmarks hit new record highs in early trade. The S&P BSE Sensex opened at 37,491.39 while the broader Nifty50 at 11,296.65. Within the first few minutes, Nifty breached the 11,300 level for the first time ever. At 9:22 am, the Sensex traded at 37,408.33, up 71.48 points or 0.19 per cent and the Nifty50 was at 11,302.35, with a gain of 24 points or 0.21 per cent. Until 10 am, the intraday high of the Sensex was registered at 37,496.80 while that of the Nifty at 11,309.35.
Here are 10 things to know about Monday's trading session:

1. The top gainers in the 30-share Sensex pack were State Bank of India (up 3.38 per cent), ONGC (up 2.88 per cent), ICICI Bank (up 2.68 per cent), Vedanta (up 2.37 per cent), and Reliance Industries (up 1.16 per cent).
2. The five major gainers in the 50-share Nifty pack were Hindustan Petroleum (up 3.28 per cent), State Bank of India (up 3.26 per cent), ONGC (up 2.79 per cent), ICICI Bank (up 2.49 per cent) and Vedanta (up 2.43 per cent).
3. Twenty-eight out of 50 Nifty stocks advanced in trade.
4. Reliance Industries, ICICI Bank, State Bank of India, ONGC, and Vedanta contributed the most to Sensex gains. Reliance Industries on Friday reported a record net profit of Rs. 9,459 crore for the April-June period. ICICI Bank, on Friday, reported a surprise first-quarter net loss of Rs. 120 crore in the three months to June 30.
5. Eleven stocks of the nifty PSU Bank index traded with gains. The BSE Midcap index was flat while the BSE Small cap index traded 0.58 per cent higher.
6. Asian share markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.
7. Technology and energy shares led Japan's Nikkei down 0.4 per cent in early trade, while tech also featured in South Korea's 0.2 per cent decline, stated a report by news agency Reuters.
8. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.03 per cent.
9. On Friday, stock markets had posted record closing highs as the Sensex ended up 0.95 per cent at 37,336.85 after hitting a record high for a fourth straight session while NSE Nifty settled 0.99 per cent higher at 11,278.35 after hitting an all-time high of 11,283.40.
10. According to provisional data from the National Stock Exchange, on Friday, foreign portfolio investors bought net equities worth Rs. 738.05 crore while domestic institutional investors purchased net shares of Rs. 406.12 crore. (With Reuters Inputs)