Thursday, 11 January 2018

Nifty50 hits record high; Infosys, HDFC stock gain


The Nifty50 index rose to its lifetime high led by gains in shares of information technology and pharmaceutical companies.

At 1:37 PM, the BSE Sensex was trading at 34,534, up 102 points, while the broader Nifty50 was ruling at 10,658, up 29 points.

Shares of TCS gained over 2% ahead of the announcement of Oct-Dec earnings. The Nifty IT index was up 1%.

Shares of Sun Pharmaceutical Industries, which gained after Netherlands' drug regulator cleared the company's Halol unit.

Shares of Cochin Shipyard extended early session gains and rose nearly 7% after the government said the company will undertake ship repairing operations at the dry dock facility of the Mumbai Port Trust on lease basis.

The BSE Mid-cap and BSE Small-cap indices were up 0.31% and 0.76%, respectively.

Volatility index India VIX slipped 0.30%.

Infosys (+2.3%), Indiabulls HF (+2.2%), Tech Mahindra (+2%), Bharti Airtel (+1.6%) and Kotak Mahindra Bank (+1.5%) were the top gainers on Nifty50.

Infratel (-1.5%), Cipla (-1.2%), Bajaj Fin (-1.2%), Ambuja (-0.98%) and ICICI Bank (-0.95%) were the top losers in today’s trade.

Out of 2,008 stocks traded on the NSE, 1,046 advanced, 646 declined and 316 remained unchanged today.

A total of 129 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.
 

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