Historic Day For Indian Markets; Sensex, Nifty Hit Record Highs

Historic Day For Indian Markets; Sensex, Nifty Hit Record Highs

Historic Day For Indian Markets; Sensex, Nifty Hit Record Highs

Indian benchmark indices closed Friday to record high after hitting new caps for intraday operations. The Sensex climbed more than 300 points to a record 31,074 and Nifty climbed 90 points to 9,604.90. The arrival of the monsoon sooner than expected, the positive benefits of the company and optimistic global markets have reinforced the feeling of Dalal Street. During the night, the US, S & P 500 and Nasdaq markets reported a record close on Thursday. Analysts say India’s markets resumed their upward trend after a brief phase of consolidation in which the mid-ceiling index plummeted more than 8 percent and Small Cap Index rose more than 7 percent.

These are the highlights of today’s session:

03:36 p.m.: The Sensex climbed 278 points to 31,028 to 31,000 above historical levels for the first time in history and the Nifty closed at 9595, up to 85 points.
03:29 p.m.: State oil trading company, Hindustan Petroleum Corp. Ltd., reported a 31 percent jump in net profit Friday Friday because street estimates, as income activities increased. Shares rose 12 percent to Rs. 569.

03:26 p.m.: Pharma shares witnessed selling pressure. The health BSE index fell 0.86%.

15:05: The Sensex increased by more than 300 points to $ 31,084 thousand and skilled managed to surpass 90 points to 9,670.70.

14:57: ITC a net profit of Rs 669.47 million rupees against 2 estimate of Rs 2,682 crores … Sales reach Rs. 15.008 crore against Rs sounding. 11.853 crore. Stocks increased 2.2% to Rs. 306.

02:20 p.m.: the broader markets are trading higher. The mid cap and small cap indexes of BSE increased by 1.4% each. Ashok Leyland was the top half-cap winner, 8 percent to Rs. 92.70. 3M India, Berger Paints, Container Corp, Jindal Steel, Sailing, JSW Steel and Amara Raja batteries were also among the winners, up from 3.7 to 6.3% each.

1:45 pm: The benchmark Sensex EEB hit today another milestone by reaching the level of 31,000 for the first time in history. The 30-share index climbed nearly 300 points with a metallic material manifestation. Meanwhile, Nifty was very close to the 9600 level, more than 80 points.

1:36 pm: State Bank of India has to contract Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM financial, Kotak and OSE capital to handle a sale of shares up to Rs 15,000 crore, IFR Friday quoted two. Sources with knowledge of the plan. The OSE share 1 percent. 100 to Rs. 287.

01:08 p.m.: shares of capital goods have also been subject to interest vouchers. The BSE capital goods index increased by 1.56%; NBCC was the top winner of this space, 4 percent to Rs. 194. BEML, BHEL, Thermax, Laxmi Machine Works, Greaves, Cotton, Siemens, V-Guard and Welspun Corp were also among the winners.

12:55 Auto: shares witnessed good purchase interest. The BSE automatic index was 1.3 percent; Ashok Leyland was the top winner in this space, a 5.52 percent to Rs. 90. Motherson Sumi, Eicher Motors, Cummins India, MRF, Tata Motors and Exide Industries were also among the winners.

12:37: Ashok Leyland provides extended benefits for second day Friday after the company has posted better-than-estimated results for the January-March quarter. The stock rose almost 5% today thanks to gains of 4.55 percent on Thursday. In the last two trading days, shares of the manufacturer of medium-intensity industrial vehicles increased by almost 10 percent by increasing their market value by Rs. Rs.2250 million to Rs. 25,684 crore.

12 h 19: The overall market amplitude was very positive, with 1685 advanced stocks, while 719 was reduced to BSE.

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