Markets end at record highs; Nifty closes above 9,900 for first time ever

All that buzzed in today's trading session

12:35 PM

Reliance Industries hit its fresh 52-week high on Monday, crossing the Rs 5 lakh crore market-capitalisation to become the most valued company on the bourses. Click here for full report

12:20 PM

Nifty IT was the  top sectoral gainer, lifted by index heavyweights Wipro (up 3.1%) and Infosys (up 1.3%)

nifty it

12:16 PM

Markets pare some morning gains: At 12:16 pm, the S&P BSE Sensex was trading at 32,070, up 40 points while the broader Nifty50 was ruling at 9,907, up 20 points.

In broader markets, BSE Midcap index was trading in red, soen 0.2% while BSE Smallcap index was little changed

12:02 PM

GVK Power & Infrastructure jumped 6.88%, extending Friday's gains after the company completed the sale of residual 10% stake in Bangalore International Airport. The stock has rallied over 10% post the stake sale.

11:37 AM

GST Council Meet: Cigarettes firms slip on cess hike speculations; ITC down 3%

Click here to read full report

11:15 AM

Nifty Bank gains for fourth straight session, ICICI Bank top gainer, up 1.4%

11:10 AM

All sectoral indices except Nifty FMCG (down 1.5%) were trading in green. Niftyy IT and Nifty Metals were the top sectoral gainers on the index.

10:50 AM

Commodity outlook by NIrmal Bang

GOLD: Gold prices are expected to trade sideways to positive. One can buy with a stop loss below Rs 27,830 for the target at Rs 28,250-28,300.

CRUDE OIL: Crude oil prices are expected to test Rs 3070-3100. One can buy on dips with a stop loss below Rs 2920.

10:38 AM

Top gainers and losers on BSE Sensex

10:36 AM

At 10:35 am, the S&P BSE Sensex was trading at 32,119, up 98 points while the broader Nifty50 index was ruling at 9,916, up 29 points

In broader markets, BSE Midcap was littled changed while BSE Smallcap indices gained 0.2%

10:31 AM

Sensex, Nifty hits new high: Sensex gains as much as 108 points to hit new high of 32,128, surpassing previous milestone of 32,109 hit on July 14 while Nifty50 rises as much as 32 points to hit new high of 9,918, surpassing previous milestome of 9,913 hit on July 14

Image via Shutterstock

9:50 AM

Indraprastha Gas hits fresh 52-week high, up over 3% after Haryana government permited the company to lay, build and operate City Gas Distribution (CGD) network in Gurugram.

9:45 AM

Alkem Laboratories gains 2.1% after USFDA cleared its Bioequivalence facility located at Taloja post inspection

9:41 AM

China GDP

Growth in China's economy this year has beaten expectations as exports recover and property construction remains strong. The economy grew 6.9% in the second quarter from a year earlier, the same rate as the first quarter, the National Bureau of Statistics said on Monday

 

China's economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk.

9:37 AM

Shares of Wipro rose over 3% in the early trade on Monday after the third largest IT services firm Wipro on Friday said its board will consider a proposal for buyback of equity shares on July 20.