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

All that buzzed in today's trading session

3:56 PM

Anand James, Chief Market Strategist, Geojit Financial Services

 

Start of Parliament's monsoon session and anticipation of any updates on the banking sector pushed Nifty within striking distance of 10,000. Investors look less daunted by psychological mark as earnings season has encouraged a stock specific approach. Centre's stand on the cross-border tensions with China and the updates on the monsoon may also mould the risk appetite of the investors in the coming sessions.

3:52 PM

Top gainers and loser on Sensex  

3:47 PM

Nifty IT index gained over 1%. Wipro (up 3%), HCL Tech (up 2%) and Infosys (up 1%) contributed most. 

3:44 PM

Nifty Realty index (up 1.4%) was the leading sectoral gainer, led by a sharp spurt in Unitech which surged 15% to Rs 8. Delta Corp, Godrej Properties and Indiabulls Real Estate gained between 1% and 3%. 

3:40 PM

ITC extended losses at fag end of the trade to settle over 4% lower at Rs 323. 

3:38 PM

The market breadth, indicating the overall health of the market, turned slightly negative. On BSE, 1,382 shares fell and 1,294 shares rose. A total of 179 shares were unchanged.

3:37 PM

Broader indices BSE Midcap and BSE Smallcap remained little changed at close.  

3:36 PM

The S&P BSE Sensex closed at 32,074, up 54 points, while the broader Nifty50 settled at 9,915, up 29 points. 

3:21 PM

HDFC Securities' pick of the week 

 

We recommend Greaves Cotton a BUY at CMP of Rs 160 and add on decline of Rs 145 for the targets of Rs 185 and Rs 208 for the time-frame of over the next 4 quarters.

3:12 PM

European markets were trading mmixed as investors reacted to robust economic growth data in China and monitored the second round of formal Brexit talks in Brussels. The pan-European Stoxx 600 moved up 0.2%, Britain's FTSE 100 was also up 0.3%, but France's CAC 40 and Germany's DAX were down 0.2% and 0.4%, respectively.

3:06 PM

In the broader market, BSE Midcap was up 0.1%, while BSE Smallcap continued trading flat. 

3:03 PM

MARKET CHECK

 

At 3:00 pm, the Sensex was trading at 32,100, up 80 points, while Nifty was ruling at 9,920, up 34.60 points. 

2:42 PM

All sectoral indices but Nifty FMCG (down 1%) and Nifty PSU Bank (down 0.4%) are trading in green. 

1:55 PM

Jubilant Foodworks surged over 4% to Rs 1,215 after the company reported over 25% jump in its standalone net profit in the June quarter of FY18. 

Jubilant Food

1:33 PM

Market Check: At 1:30 pm, S&P BSE Sensex was trading at 32,075, up 55 points while the broader NIfty50 index was ruling at 9,909, up 22 points.

In broader markets, both BSEmidcap nad BSE small cap indices were very little changed.