Sensex, Nifty open at fresh record highs

13 January, 2018, 06:40 | Author: Regina Silva
  • The broader Nifty after scaling an all-time high of 10,690.40 points finished at 10,681.25 up 30.05 points or 0.28 per cent

"The Sensex and Nifty had hit record highs in early trade on the back of positive Asian cues".

At 11:04 AM, the BSE Sensex was trading at 34,580, up 76 points, while the broader Nifty50 was ruling at 10,675, up 24 points.

For the week, the NSE index added 1.2 per cent, while the BSE index advanced 1.3 per cent.

Realty fell by 1.46 per cent, FMCG 0.41 per cent, Pharma 0.32 per cent and Infra 0.09 per cent.

Top five Sensex gainers were ICICI Bank (+2.63%), Maruti (+1.27%), ONGC (+1.26%), Reliance (+1.02%) and Dr Reddy's (+0.73%), while the major losers were Bharti Airtel (-1.04%), ITC (-0.89%), PowerGrid (-0.88%), Bajaj Auto (-0.84%), and Wipro (-0.72%).

On Wednesday, the equity markets opened and finished on a flat note interspersed by an intra-day period when plunged over 200 points. "However, selling pressure emerged in afternoon trade after four Supreme Court judges reportedly said working of the apex Court was not in order".

They are advising clients to wait for a sustained move on the upside before creating fresh long positions as Nifty is showing signs of overbought which could cap further upside but, today is a new day and D-Street will react to TCS numbers and Infosys.

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Energy stocks led the surge after the price of oil touched its highest level since 2014.

Domestic investors were also keeping an eye on retail inflation data.

This is unedited, unformatted feed from the Press Trust of India wire. The stock ended 2.2 percent higher at Rs1075.80 on the NSE on Thursday. The pan-European Stoxx Europe 600 index eased 0.3%. Japan's Nikkei dipped 0.1 per cent. China reported trade data for December with exports moving up 10.9 percent and imports rising 4.5 percent.

Safe-haven assets such as gold and the yen firmed up ahead of earnings from the big United States banks and consumer inflation data due later in the day, while oil prices eased a little bit after hitting their highest levels since December 2014 in the previous session.

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