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Markets scale fresh highs again, Nifty nears 10700-mark

12 January 2018

Stock markets opened at fresh levels on Friday as optimism prevailed ahead of the announcement of the quarterly earnings of IT major Infosys.

It was a volatile day and last minute buying pushed the index towards fresh closing high on Nifty on Thursday, but most analysts are losing conviction in the Bull run at least in the short term.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE recovered nearly 250 points from its day's low at 34,342.16 points to close the day's trade at a new high of 34,592.39 points - up 88.90 points or 0.26 per cent - from its previous session's close.

The broader Nifty, after scaling an all-time high (intra-day) of 10,690.40 points, finished at 10,681.25, up 30.05 points, or 0.28%. On the other hand, realty index fell 1.46 per cent, FMCG 0.52 per cent, power 0.47 per cent and healthcare 0.34 per cent.

At 3:30 pm: The Indian equity indices gained lost ground after falling following the Supreme Court judges press conference.

As per provisional data, domestic institutional investors had bought shares worth Rs 770.02 crore, while FIIs sold equities to the tune of Rs 623.63 crore yesterday.

Meanwhile, IT stocks slipped, with the NSE IT index down for the first time in seven sessions. China reported trade data for December with exports moving up 10.9 per cent and imports rising 4.5 per cent.

It broke its previous closing high of 34,443.19 hit on January 9.

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Markets scale fresh highs again, Nifty nears 10700-mark