Closing Bell- Nifty, Sensex manage another record high; Nifty PSU Bank index tops

money maker research, Todays Gainers, Todays Losers, Market Update, Stock NewsEquity benchmarks closed at new record peaks on Wednesday with the NSE Nifty-50 index settled 2 points or 0.02% up at a fresh record of 11,086. The BSE Sensex rose 22 points or 0.06% to end at a new high of 36,162.00 led by a surge in shares of SBI, HDFC, ITC, TCS, Infosys, HDFC Bank and Yes Bank.

Shares of State Bank of India, GAIL, Tech Mahindra, Adani Ports SEZ, TCS, Lupin, HCL Tech and UPL remained among the top gainers in the Nifty50 index, while Tata Motors, Eicher Motors, Tata Steel, Bharti Airtel, ICICI Bank and Hindalco settled as the top losers of the day. 

Nifty PSU Bank index gained 3.49% emerging as the major gainer among the sectoral indices, leagued by Nifty IT index, which rose to 1.54%, however, Nifty Metal index cracked 1.72% to settle as the top sectoral loser. Nifty Private Bank, Nifty realty, media and auto were followed on NSE that closed the day in the red. 

Shares of Idea Cellular Ltd tanked near 6.64% to a 1-month low following a sharp fall in its Q3 earnings. The stocks ended at 5.69 percent at Rs 93.70 on NSE.

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Nifty ends above 11,050 for the first time, Sensex up 36,100 on IMF growth forecast

equity tips, , Nifty outlook, BTST Call, Today’s Market Strategy, Market updateThe Nifty50 index of NSE continued its upward rally for the fifth successive session and made a new lifetime peak of 11,092 today on strong earnings results. Investors’ Sentiment also boosted as the International Monetary Fund announced India would regain the title as the world’s fastest growing economy in 2018-19.

The NSE Nifty-50 index Nifty closed up by 117.50 points at 11,083.70 while the BSE index Sensex ended higher by 341.97 points at 36,139.98.

Bank Nifty made a fresh lifetime peak of 27,422 and witnessed the highest daily close beyond 27,350 marks. Bank Nifty gained 1.29 percent and was the outperformer in Tuesday’s trade. PNB and Bank of Baroda were the star performers gaining 5.57 percent and 5.07 percent respectively.

Nifty futures closed in the positive with a gain of 1.07% at 11,085. Bharat Financial, ONGC, DishTV, Tech Mahindra, HCL Tech, Axis Bank, Infosys, Hindalco, Bank of Baroda, ITC and Petronet LNG witnessed long buildup, while short buildup were seen in Zee Entertainment, Bharti Infratel, Ambuja Cement, Concor, Apollo Hospital, Eicher Motors and Cadila Healthcare.

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Nifty ends above 10950; Sensex up 286 points, IT stock rise

equity share market newsBenchmark indices extended the gains and closed higher on Monday with Sensex and the Nifty reaching at fresh all-time highs driven by shares of TCS, ONGC, Reliance, Axis Bank, HDFC Bank, Yes Bank and L&T.

The NSE Nifty gained 71.5 points 0.66% to conclude at 10,966.20, while the BSE Sensex rose 286.43 points to end at 35,798.01.

Shares of India’s largest IT Company TCS surged 5.93% zooming above Rs 3,000 level for the first time to a record peak of Rs 3,130 before closing up 5.36% at Rs 3,113.15.

Shares of Reliance Industries rose nearly 5 percent to hit the all-time high on Monday after the Company posted the biggest ever quarterly net profit with Reliance Jio turning profitable.  The company posted its highest quarterly net profit of Rs 9,423 crore on record earnings from Reliance Jio logging its first-ever profit. 

Yes Bank, Bajaj Auto, Larsen & Toubro, Adani Ports, Kotak Mahindra Bank, HDFC Bank, Sun Pharma, Tata Motors are also in league.

Nifty January Index futures registered a drop in open interest since the focus shifted to the February expiry in which the fresh open positions to the tune of 36 lakh shares approx were created, showing a roll-over and build-up of fresh long positions.

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