GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Sensex Scales Record High, Nifty Holds Above 11,000

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

PTI

Updated:July 18, 2018, 9:58 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Scales Record High, Nifty Holds Above 11,000
(Image: Reuters)
Loading...
Mumbai: Extending on Tuesday rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade on Wednesday amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

The 30-share BSE index spurted by 227.91 points, or 0.62 per cent, to hit new high of 36,747.87, surpassing its previous record of 36,740.07 recorded on July 13.

However, at 0950hrs, the index pared some gains and was trading 108.72 points, or 0.30 per cent, higher at 36,628.68.

The gauge had gained 196.19 points in the previous session. The 50-share NSE Nifty also rose by 62.05 points, or 0.56 per cent, to 11,070.10.

Traders said positive cues from other Asian markets, tracking overnight gains in the US market following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony boosted investor sentiment.

Domestic institutional investors (DIIs) bought shares worth a net pf Rs 840.06 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore on Tuesday, provisional data released by stock exchanges showed.

Major gainers include Adani Ports, HDFC Bank, Sun Pharma, ONGC, Coal India, HDFC Ltd, Asian Paint, Wipro, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Infosys, PowerGrid, L&T, RIL and TCS, rising up to 1.65 per cent.

Sectoral indices led by oil & gas, PSU, realty and banking stocks gained up to 1.12 per cent.

Other Asian markets were trading higher too. Key indices such Japan's Nikkei rose 0.90 per cent, Shanghai Composite Index 0.43 per cent and Hong Kong's Hang Seng 0.29 per cent in early trade.

The US Dow Jones Industrial Average ended 0.22 per cent higher on Tuesday.
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 788.65 -13.08
Reliance 1,151.30 -1.07
Infosys 705.35 1.45
Dewan Housing 235.90 -12.24
Yes Bank 231.90 -6.83
Company Price Change %Gain
Reliance 1,148.90 -1.27
Indiabulls Hsg 788.85 -13.17
La Opala RG 218.50 1.51
Dewan Housing 236.30 -12.34
Infosys 704.50 1.16
Top Gainers
Company Price Change %Gain
HCL Tech 1,024.25 2.08
Infosys 705.35 1.45
ITC 286.45 1.34
Wipro 323.15 1.29
Coal India 279.90 1.27
Company Price Change %Gain
ITC 286.35 1.34
Coal India 280.05 1.28
Wipro 324.00 1.20
Infosys 704.50 1.16
HUL 1,561.05 1.08
Top Losers
Company Price Change %Gain
Indiabulls Hsg 788.65 -13.08
Bajaj Finance 2,150.50 -6.86
Yes Bank 231.90 -6.83
Adani Ports 313.90 -5.83
BPCL 285.15 -5.61
Company Price Change %Gain
Yes Bank 231.75 -6.85
Adani Ports 315.00 -5.41
Maruti Suzuki 6,878.70 -3.79
Tata Motors 179.20 -3.40
Tata Steel 554.65 -3.39

Live TV

Loading...
Loading...