GET Stock QuotesNews18 APP
News18 English
»
1-min read

Sensex Hits Record High Ahead of IIP and Inflation Data, Nifty Tops 11,000

The 30-share index rose by 259.73 points, or 0.72 per cent, to hit a new high of 36,525.66, surpassing its previous intra-day record of 36,443.98 hit on January 29.

News18.com

Updated:July 12, 2018, 10:24 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Hits Record High Ahead of IIP and Inflation Data, Nifty Tops 11,000
(Image: Reuters)
Loading...
Mumbai: The Sensex jumped over 250 points to hit a record high of 36,525.66 points in early trade on Thursday, ahead of the release of industrial production and inflation data amid fresh foreign capital inflows.

The 30-share index rose by 259.73 points, or 0.72 per cent, to hit a new high of 36,525.66, surpassing its previous intra-day record of 36,443.98 hit on January 29. The gauged had gained 691.38 points in the previous four sessions, powered by a sharp rally in IT bellwether TCS following strong quarterly results.

The 50-share NSE Nifty rose 77.35 points, or 0.71 per cent, to 11,025.65.

An appreciating rupee, heavy buying by domestic institutional investors (DIIs) and encouraging start to the earnings season contributed to the uptrend, brokers said.

Investors are also optimistic ahead of the release of index of industrial production (IIP) and inflation data, scheduled to be released later in the day, they added.

Banking stocks were the biggest sectoral gainers led by BoB rising up to 2 percent followed by SBI, Yes Bank, ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank.

Shares of Reliance Industries was trading 2 percent higher at Rs 1,057.05.

Other prominent gainers include Maruti Suzuki, HUL, Kotak Bank, HDFC, Coal India, ITC and Bajaj Auto, rising up to 1.17 percent.

Meanwhile, foreign funds bought shares worth a net of Rs 636.27 crore, while DIIs made purchases worth a net of Rs 15.33 crore on yesterday, provisional data showed.

Asian stocks were trading higher after Brent crude recovered from its biggest one-day fall in two years.

Shanghai Composite Index rose 1.79 per cent, Hong Kong's Hang Seng 0.65 per cent, while Japan's Nikkei was trading 1.21 per cent higher in early deals.

US stocks, however, fell on Wednesday amid renewed tensions over global trade and geopolitics. The US Dow Jones Industrial Average ended 0.88 per cent lower last night.

(With PTI inputs)


| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Dewan Housing 350.55 -260.00 -42.58
Reliance 1,217.50 +6.75 +0.56
Axis Bank 599.20 -9.60 -1.58
Tata Steel 625.15 +3.95 +0.64
Company Price Change %Gain
Dewan Housing 351.55 -259.05 -42.43
Yes Bank 227.05 -91.45 -28.71
Maruti Suzuki 8,039.55 -167.45 -2.04
Indiabulls Hsg 1,061.90 -94.60 -8.18
Oracle Fin Serv 4,031.30 -71.85 -1.75
Top Gainers
Company Price Change %Gain
Bharti Infratel 281.20 +10.30 +3.80
BPCL 376.50 +11.45 +3.14
IOC 158.15 +4.60 +3.00
HPCL 258.00 +6.65 +2.65
Hindalco 240.40 +4.75 +2.02
Company Price Change %Gain
ONGC 180.10 +3.45 +1.95
Wipro 337.35 +4.60 +1.38
ITC 303.75 +4.10 +1.37
TCS 2,103.80 +26.90 +1.30
Asian Paints 1,303.10 +13.75 +1.07
Top Losers
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Indiabulls Hsg 1,062.15 -97.10 -8.38
Bajaj Finance 2,379.40 -120.15 -4.81
Tech Mahindra 738.05 -31.90 -4.14
UPL 665.80 -26.50 -3.83
Company Price Change %Gain
Yes Bank 227.05 -91.45 -28.71
Kotak Mahindra 1,179.65 -47.35 -3.86
Adani Ports 362.00 -10.95 -2.94
IndusInd Bank 1,761.70 -42.90 -2.38
Maruti Suzuki 8,039.55 -167.45 -2.04

Live TV

Loading...
Loading...