Markets

News Details

( 11/01/2018 14:25)
Sensex up over 100 pts, Nifty above 10,650; Infosys shares up 2%

The key Indian benchmarks continued to trade in the green as investors remained optimistic ahead of key corporate earnings and the federal budget next month.

Key corporate earnings will kick off this week. Tata Consultancy Services is due to post December-quarter results later today, followed by Infosys tomorrow.

Globally, the New Year rally in Asian shares ran out of steam on Thursday as concerns about the US administration’s protectionist stance hit Wall Street while US bonds were dented by speculation China may curtail buying.

European markets are also mixed today. The FTSE 100 is up 0.14% while the CAC 40 gains 0.07%. The DAX is off 0.05%.

Back home, at 14:14 hours, BSE SENSEX was at 34540.2 up by 107.13 points or by 0.31 % and NSE Nifty was at 10657.2 up by 25 points or by 0.24 %.

The BSE Sensex touched intraday high of 34555.3 and intraday low of 34400.61. The NSE Nifty touched intraday high of 10664.6 and intraday low of 10612.35.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1076.55,+2.37%), Bharti Airtel Ltd. (Rs. 514.95,+1.70%), Kotak Mahindra Bank Ltd. (Rs. 1017.35,+1.56%), Adani Ports & Special Economic Zone Ltd. (Rs. 428.45,+1.11%), Mahindra & Mahindra Ltd. (Rs. 766.55,+1.09%), among others.

The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 322.70,-1.03%), Coal India Ltd. (Rs. 305.15,-0.96%), ICICI Bank Ltd. (Rs. 309.45,-0.82%), IndusInd Bank Ltd. (Rs. 1721.65,-0.76%), Power Grid Corporation of India Ltd. (Rs. 198.00,-0.73%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3134, shares advanced were 1739 while 1247 shares declined and 148 were unchanged.

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