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Markets off from all-time highs but Sensex, Nifty still going strong

06 January 2018

The NSE Nifty opened higher at 10,469.40 and moved in a range of 10,513 and 10,441.45 before finishing at 10,504.80, up 61.60 points, or 0.59 per cent, from its previous close. The stock of IDFC Bank closed at Rs. 58.35 per share, up 6.97 per cent, South Indian Bank closed at Rs. 32.90 per share, up 5.11 per cent, Yes Bank closed at Rs. 332.90 per share, up 4.98 per cent, RBL Bank closed at Rs. 540.50 per share, up 4.46 per cent.

Among the sectoral indices, metal climbed 2.77 per cent, consumer durables 2.53 per cent, capital goods 2.11 per cent, PSU 1.55 per cent, infrastructure 1.03 per cent, healthcare 0.99 per cent, oil and gas 0.80 per cent, bankex 0.51 per cent and power 0.33 per cent.

Turnover in the cash segment rose to Rs 36,892.63 crore from Rs 33,291.76 crore as on Wednesday.

YES Bank, Adani Ports, Tata Steel, Eicher Motors and Tata Consultancy Services were among the top gainers in the Nifty50 stocks.

"Nifty touched record highs in intra day trade".

The barometer 30-scrip Sensitive Index (Sensex) of the BSE too scaled a new intra-day high of 34,188.85 points. On Friday, the index closed at 14,234.20, up 0.95 per cent.

Banking behemoth SBI rallied 0.83 per cent while Punjab National Bank gained 1.50 per cent. Bank of Baroda also gained 0.67 per cent.

The finance ministry today sought Parliament's nod for extra expenditure of Rs 80,000 crore towards recapitalisation of bad loans-saddled public sector banks through bonds.

As per provisional data, foreign portfolio investors (FPIs) bought shares worth Rs 212.05 crore, while domestic institutional investors (DIIs) made purchases worth Rs 325.24 crore yesterday.

Among other Asian markets, Japan's Nikkei was trading higher by 0.18 per cent, while Hong Kong's Hang Seng rose 0.51 per cent in their early deals. The MSCI index was about 1 per cent off the all-time peak it hit in November 2007 of 591.5.

Markets on Friday opened higher with the benchmark BSE Sensex rising above 100 points to cross the psychological 34,000-mark on strong global cues.

The gauge had lost 263.45 points in the previous three sessions.

Markets off from all-time highs but Sensex, Nifty still going strong