Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Sensex & Nifty Soar to Fresh Lifetime Highs; Tata Motors Drops over 3%

M&M was the top gainer in the Sensex pack, surging 3.37 per cent, followed by Sun Pharma 2.53 per cent, Asian Paints 1.88 per cent, ITC 1.66 per cent, HDFC Bank 1.58 per cent and Tech Mahindra 1.51 per cent.

PTI

Updated:December 18, 2019, 4:19 PM IST
facebookTwitter Pocket whatsapp
Sensex & Nifty Soar to Fresh Lifetime Highs; Tata Motors Drops over 3%
Representative image (Reuters)

Mumbai: Equity benchmarks Sensex and Nifty surged to fresh highs on Wednesday, tracking gains in index heavyweights HDFC Bank, RIL and ITC amid unabated foreign fund inflows.

After rallying to its record intra-day peak of 41,614.77, the 30-share BSE Sensex settled 206.40 points, or 0.50 per cent, higher at its all-time closing high of 41,558.57.

Similarly, the broader NSE Nifty advanced 56.65 points, or 0.47 per cent, to its record closing high of 12,221.65.

M&M was the top gainer in the Sensex pack, surging 3.37 per cent, followed by Sun Pharma 2.53 per cent, Asian Paints 1.88 per cent, ITC 1.66 per cent, HDFC Bank 1.58 per cent and Tech Mahindra 1.51 per cent.

On the other hand, Tata Motors plunged 3.05 per cent after the National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered restoration of Cyrus Mistry as the Executive Chairman of Tata Sons. NCLAT also held appointment of N Chandrasekaran as Executive Chairman illegal.

Other Tata group stocks including Tata Power, Tata Chemicals and Tata Global Beverages too fell up to 4.14 per cent. HUL, SBI and Yes Bank fell 1.79 per cent each. NTPC, PowerGrid and Bajaj Finance also ended in the red.

Besides stock-specific action, sustained foreign fund inflows boosted market mood here, traders said.

On a net basis, foreign institutional investors bought equities worth Rs 728.13 crore, while domestic institutional investors sold shares worth Rs 796.38 crore on Tuesday, data available with stock exchange showed.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended on a mixed note, while those in Europe saw tepid trading sentiment.

On the currency front, the rupee depreciated 6 paise against the US dollar to 71.05 (intra-day). Brent futures, the global oil benchmark, was fell 0.76 per cent to USD 65.58 per barrel.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Narayana Hruda 360.20 1.22
Bharti Airtel 490.90 -4.55
United Spirits 656.40 14.00
Bajaj Finance 4,213.05 1.14
Gati 69.40 0.73
Top Gainers
Company Price Change %Gain
HDFC 2,432.40 1.53
Bajaj Finance 4,213.05 1.14
Sun Pharma 452.65 0.96
HDFC Bank 1,222.85 0.82
TCS 2,184.05 0.71
Top Losers
Company Price Change %Gain
Bharti Airtel 490.90 -4.55
Tata Steel 446.25 -3.49
Tata Motors 176.10 -3.37
Reliance 1,471.35 -2.34
Maruti Suzuki 6,996.95 -2.05

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results