Sensex ends at record closing level; RIL market-cap hits $100-bn mark

July 12, 2018

Mumbai: The BSE Sensex settled at the highest closing level of 36,548.41 points on Thursday, tracking firm global cues and an appreciation in the Indian rupee.

Earlier in the day, the Sensex had touched an intra-day record high of 36,699.53 points, breaching the previous high of 36,443.9 points reached on January 29, 2018.

Similarly, the wider Nifty50 on the National Stock Exchange also rose to end over the 11,000-mark.

Globally, the Asian and European markets traded in the green after reports on Wednesday said China and the US may resume talks to ease the ongoing trade tensions.

Index-wise, the Nifty50 closed at 11,023.20 points — higher by 74.90 points or 0.68 per cent — from its previous close of 10,948.30 points.

The barometer 30-scrip Sensex, which had opened at 36,424.23 points, closed higher by 282.48 points or 0.78 per cent at 36,548.41 points. The previous day’s close on Sensex was 36,265.93 points.

As mentioned, it touched an all-time high of 36,699.53 points during the intra-day trade and a low of 36,422.08 points.

Broader markets, however, closed on a negative note with the S&P BSE mid-cap falling 0.52 per cent and the S&P BSE small-cap ending a tad lower, by 0.06 per cent from its previous close. The BSE market breadth was bearish with 1,469 declines against 1,170 advances.

“Positive cues from other global markets helped sentiments,” said Deepak Jasani, Head of Retail Research at HDFC Securities.

Asian markets closed with decent gains and European markets traded higher, he added.

On the currency front, the rupee strengthened by 20 paise to end at 68.58 per dollar, against the previous close of 68.78 per greenback.

Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 742.63 crore while the domestic institutional investors bought stocks worth Rs 366.40 crore.

Sector-wise, the S&P BSE banking index gained the most, by 272.93 points, followed by the oil and gas index, which was up 222.70 points and the energy index rose by 126.24 points.

On the contrary, the S&P BSE metal index fell by 190.74 points, the IT index was down 83.84 points and the metal index ended 65.04 points lower from its previous close.

Scrip-wise, Reliance Industries gained the most on the Sensex and its market capitalisation (m-cap) crossed the $100 billion mark during the day and its share prices touched a 52-week high of Rs 1,098.80 per share. At the day’s close, the company’s m-cap was at Rs 685,725.09 crore or $99.98 billion.

The share price of Reliance Industries settled at Rs 1,082.20, up 45.85 points or 4.42 per cent from its previous close.

The other major gainers on the Sensex were Wipro, up 2.44 per cent at Rs 279.50; Larsen and Toubro (L&T), up 1.94 per cent at Rs 1,299.75; HDFC, up 1.74 per cent at Rs 1,961.75; and State Bank of India, up 1.49 per cent at Rs 262.75 per share.

The top losers were Vedanta, down 3.05 per cent at Rs 211.35; Infosys, down 1.95 per cent at Rs 1,294.60; Tata Motors (DVR), down 1.68 per cent at Rs 152.30; Bajaj Auto, down 1.66 .(IANS)

Sisodia changed 12 cellphones, ED alleges in charge sheet

New Delhi ; The Enforcement Directorate (ED), which had earlier claimed that the accused involved in Delhi's excise policy case changed 140 cellphones in a bid to destroy digital evidence, said...

ED chargesheets Sameer Mahendru in Delhi excise policy case

New Delhi: A day after the Central Bureau of Investigation (CBI) filed its first charge sheet in the Delhi excise policy case, the Enforcement Directorate (ED) on Saturday filed its first...

Voters’ data row: Congress welcomes EC decision, demands FIR against Bommai

Bengaluru: Congress Karnataka in-charge Randeep Singh Surjewala on Saturday welcomed the swift action by the Election Commission in ordering review of deletions and additions in voters' list and suspension of two...

UP anti-conversion law enables cops to push BJP’s love jihad policy

Lucknow: It was in mid-2020 that nearly half a dozen cases related to inter-faith relationships gone wrong, were reported in Uttar Pradesh. Alarmed at the trend, UP chief minister Yogi Adityanath...

Mehrauli murder: Delhi court sends Aaftab to 14-day judicial custody

New Delhi: A Delhi court on Saturday sent Aaftab Amin Poonawalla, accused of killing his live-in partner Shraddha Walkar, to 14 days judicial custody. He was produced before the Saket court...

It’s Baba Ramdev again: ‘Women look good even if they don’t wear anything’

Yoga guru Baba Ramdev on Saturday made an “ugly” comment on women in Maharashtra when he said women look good in sarees, in salwar suits and eve if they don’t...

India successfully orbits Indo-French collaborative EOS 6/OCEANSAT, 8 other satellites

  Sriharikota (Andhra Pradesh): India on Saturday successfully placed into orbit the Indo-French ocean observation satellite EOS 06 and eight other nano satellites with its rocket Polar Satellite Launch Vehicle...

SC’s ruling for remuneration to imams a ‘violation of Constitution’, says CIC

'Tax payers money will not be used to favour any particular religion' Following Babri Masjid demolition, Narasimha Rao announced several sops to Muslims, including salaries to the imams Hindu right...

Congress leader Asif Mohammad Khan, father of MCD candidate from Shaheen Bagh, held for ‘assaulting’ cops

Former Congress MLA Asif Mohammad Khan, whose daughter is contesting from Shaheen Bagh in the upcoming municipal corporation polls, has been arrested by Delhi Police for allegedly assaulting and misbehaving...

Can universal vaccine counter future pandemic?

The research opens up a world of new possibilities with mRNA vaccine technology 'Strong antibody immune responses were shown against all 20 different flu strains' 'There will be far less...

Insolvency proceedings begin in Ansal Properties and Infrastructure

New Delhi: The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties and Infrastructure. The creditors of Ansal Properties have been...

Over 160 nations agree to regulate trade in 500 new wild species

Panama City: Representatives of more than 160 governments, parties to the Convention on International trade in Endangered Species of Wild fauna and flora (CITES) have reaffirmed their commitment to address...

Read Previous

The flood-ravaged Hiroshima city of Japan

Read Next

India should showcase its heritage with pride: Modi

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com