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profishingrods.com June 19, 2018


Sensex, Nifty hit record high

13 January 2018, 02:43 | Cameron Gross

European Shares To Open Higher Despite Slumping Dollar

Equity indices surge to new highs on global cues buying support

Around the same time, the wider Nifty50 of the National Stock Exchange (NSE) edged higher by 7.90 points or 0.07 per cent to 10,659.10 points.

The key indices - which opened at fresh levels on Friday - had slipped into the negative territory on a sudden sell-off on account of an unprecedented event in which four senior judges of the Supreme Court met the media to complain that the administration of the country's top court was not in order, said market observers.

"The Sensex and Nifty had hit record highs in early trade on the back of positive Asian cues".

Among the secondary indices, the S&P BSE Mid-Cap index rose 0.41%. United States stocks surged to close the session at record highs yesterday as investors bet economic growth would pick up steam.

The market breadth, indicating its overall health, was in favour of losers.




Out of 2,005 stocks traded on the NSE, 1,130 advanced, 504 declined and 371 remained unchanged today.

ICICI Bank surges 2.6%, Maruti 1.3%.

Separately, TCS today, 12 January 2018, announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its United States insurance and annuity business lines. Tata Consultancy Services will announce its Q3 results tomorrow, while Infosys will declare results on Friday. The announcement was made after market hours yesterday, 11 January 2018. Sensex however snapped a 4-day streak of gains.

"On the other hand, concern over December Consumer Price Index inflation rising to 5.1 per cent and increase in oil prices are likely to add volatility in the near term", he added.



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