Indian markets ended the day at record highs on a day the two benchmark indexes hit new intra-day highs. The
Sensex touched 37,062, closing 0.3% higher or at 36,984, while the Nifty hit an intra-day high of 11,186. The broader index closed at 11,167.
Bank stocks outperformed with the Nifty Bank just 92 points shy from record close. The market breadth
favours advances with the advance-decline ratio at 1:1. SBI and ICICI Bank contributed over 90 percent to Nifty gains, while Maruti Suzuki India and Yes Bank dragged Nifty after their quarterly results were announced. Oil marketing companies and IT stocks were hit.
Market update as of 3.35 pm) Markets slipped from day's high in the last hour of trade
Indian markets cooled off from the day's record high in the afternoon trade on Wednesday ahead of the expiry of July contracts. So far, earnings of Maruti Suzuki, Yes Bank and other firms have not majorly inspired the street.
The Sensex trades at 36,890.11, higher by 32 points, or 0.09 percent, while the Nifty 50 has slipped below the 11,150 mark to 11,136, just up by 5 points. Yes Bank and Maruti Suzuki are top losers after their Q1 results.
Yes Bank shares trade lower by over 5 percent, while Maruti is down by 3.59 percent on the BSE. Other losers are L&T, Asian Paints, Kotak Bank, Infosys, all losing by up to 1.7 percent.
SBI with 4.62 percent rise, ICICI Bank at 3.82 percent, Power Grid at 2.70 percent are Sensex gainers. BSE MidCap is trading higher by 0.69 percent, while the SmallCap is up by 0.18 percent.
Among sectoral indices, Power, Bankex, Utilities, Finance trade positive, while others are trading almost flat or in the negative zone.
On the NSE, Nifty PSU Bank has gained 4.40 percent with Nifty Bank, Fin Service also gaining by up to 1.32 percent. Nifty Auto, FMCG, IT, Media, Metal are in the red.
Market update as of 2.35 pm) Here's how the markets fared around noon
The Indian market was seen extending gains on Thursday after a record run to new peaks helped by broad-based rally in banks, capital goods, FMCG, realty, auto, healthcare and other sectors.
The Sensex was trading 117 points higher to 36,975, while the Nifty was at 11,162, rising by 31 points. The Nifty today managed to hit a fresh record high of 11,180 in intra-day trade. The BSE Sensex too crossed the 37,000 mark, scaling a fresh high of 37,026 in intra-day trade.
This was the 14th record high of Nifty in 2018 and the 20th of Sensex.
A stronger rupee and today being the last day of expiry of July contracts added to the positivity.
BSE midcap and smallcap gained 0.66 percent and 0.34 percent, respectively. Fifteen out of 19 sectoral indices on BSE traded higher led by bankex, finance, basic materials and utilities. IT, teck, capital goods and metal declined. On NSE, Nifty PSU bank index rose more than 4 percent, while finance service gained more than a percent.
SBI, ICICI Bank, Tata Motors and Bharti Airtel were among the top gainers, whereas L&T, Asian Paints, Kotak Bank and Hero MotoCorp were among major losers.
In sharp contrast to India, Asian markets traded lower with Japan's Nikkei traded just below flatline, while Hong Kong's Hang Seng lost nearly 275 points or a percent.Also, catch all the action and updates in our
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