Sensex, Nifty hit record closing highs; up in first week of 2018

Sensex, Nifty hit record closing highs; up in first week of 2018

Stocks were off to a positive start in the final trading session of 2017, with the benchmark Sensex gaining 110 points and the NSE Nifty crossing the 10,500-point mark on widespread gains led by banking, FMCG and capital goods shares.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE too scaled a new intra-day high of 34,188.85 points.

Globally, in the Asian region, Japan's Nikkei rose 0.55 per cent, Hong Kong's Hang gained 0.18 per cent, while China's Shanghai Composite Index rose 0.23 per cent in their early deals.

Index heavyweight SBI rose 1.72 per cent, while UCO Bank, IDBI, Punjab National Bank, Bank of India, Bank of Baroda and Oriental Bank of Commerce, among others, rallied by up to 8.50 per cent.

"Global growth expectation and continued buying in metal stocks raised the market sentiment, while PSU banks outperformed on account of finalisation of recapitalisation", said Vinod Nair, Head of Research, Geojit Financial Services.

Top five Sensex gainers were YES Bank (+5.03%), Adani Ports (+3.71%), Bharti Airtel (+3.36%), IndusInd Bank (+3.17%) and Dr Reddy's (+2.4%), while the major losers were ONGC (-0.83%), ICICI Bank (-0.7%), State Bank of India (-0.6%), Wipro (-0.56%), Sun Pharma (-0.39%).

Frozen iguanas in Florida are falling from trees
Although the iguanas may look dead, once the sun comes out and the temperature warms up, they can pop back to life. The scene at my backyard swimming pool this 40-degree South Florida morning: A frozen iguana .

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.

On the other hand, the S&P BSE oil and gas index declined by 63.33 points and energy index slipped by mere 0.32 points.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 212.05 crore, while domestic institutional investors (DIIs) made purchases worth Rs 325.24 crore on Thursday, as per provisional exchange data.

The US Dow Jones Industrial Average closed 0.26 per cent higher yesterday. The MSCI index was about 1 per cent off the all-time peak it hit in November 2007 of 591.5.

It lost some ground on profit-booking, before finally ending 184.21 points, or 0.54 per cent higher at 34,153.85, smashing its previous record close of 34,056.83 reached on December 29 past year.

Newsletter has been successfully subscribed.

Related News:

  • DeMarco Murray Ruled Out for Titans' Wild Card Game Against Chiefs Saturday

    DeMarco Murray Ruled Out for Titans' Wild Card Game Against Chiefs Saturday

    He spent all four of his seasons with the Chiefs since being selected by Kansas City in the third round of the 2014 draft. Coach Mike Mularkey said Derrick Henry would start in place of Murray, per Jim Wyatt of the team's official website .
    Pogba Skippers United As Lukaku Returns To Squad

    Pogba Skippers United As Lukaku Returns To Squad

    Manchester United are 2/9 favourites to win this FA Cup match whereas Derby are massive odds - 13/1 to win at Old Trafford. Marouane Fellaini is also back in the squad, but Zlatan Ibrahimovic remains on the sidelines whilst David De Gea is rested.

    Horse race bet with William Hill

    How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.
  • New Android malware targets apps of Indian banks: Quick Heal

    New Android malware targets apps of Indian banks: Quick Heal

    Further, if the app finds one of the targeted apps, it sends a fake notification that resembles the banking app. Even if a user initially denies admin access, the app continues throwing pop-up windows until the user accepts.

    Pence defends Trump's tweets on N

    Twitter and President Donald Trump go together like peanut butter and jelly, or death and taxes. In recent months, Twitter has moved to address what it will and will not allow.
    Roy Moore accuser loses everything in house fire under investigation for arson

    Roy Moore accuser loses everything in house fire under investigation for arson

    She alleges that at the age of 28 Moore groped her and made comments about her young daughters' physical appearance. Police say they have identified a suspect who is known in the area for being drunk and misbehaved.
  • New Zealand vs Pakistan ODI Series

    New Zealand vs Pakistan ODI Series

    It will be a tough tour for Pakistan as the Green Shirts have historically struggled in New Zealand having won only two series. His innings contained only eight fours and one six and, in total, New Zealand hit only 25 fours and five sixes.
    University of Georgia football by the numbers

    University of Georgia football by the numbers

    The University of Alabama Crimson Tide will take on the Georgia Bulldogs Monday night in a battle for the national championship. They came back to win something big, so it would be fitting if they left Athens after winning the biggest game there is.
    LeBron James hoping Cleveland Cavaliers can straighten themselves out

    LeBron James hoping Cleveland Cavaliers can straighten themselves out

    Cleveland might not be that place anymore after this season. "The [Thomas] injury affected them a lot". The Cavaliers had a miserable shooting night, making just 31-of-89 attempts for 34.8 percent shooting.
  • Pakistan Rejects Trump's Criticism, Says It Can't Be Blamed for 'Collective Failure'

    Pakistan Rejects Trump's Criticism, Says It Can't Be Blamed for 'Collective Failure'

    Trump had reasoned that the United States is "starting to develop a much better relationship with Pakistan and its leaders". Asif added that all financial aid from the United States had been "properly audited" and that "services [were] rendered".
    Conor McGregor lashes out at Showtime's Stephen Espinoza once again

    Conor McGregor lashes out at Showtime's Stephen Espinoza once again

    The UFC president set McGregor a deadline yesterday to defend his championship. CUPSET? What time is Manchester United v Derby?
    Houthi Rebels Announce the Launch of 'Ballistic Missile' into Saudi Arabia

    Houthi Rebels Announce the Launch of 'Ballistic Missile' into Saudi Arabia

    Despite the coalition's superior firepower, the rebels still control the capital and much of the north of the country. The spokesperson described the attack as "hostile" and accused Iran of supporting Houthi militias.


Most liked

Conte suggests rival manager Mourinho has senile dementia
I was speaking about myself, and then the question to the Chelsea manager was like I said that he behaves like a clown. So, I don't blame the Chelsea manager at all and I understand his reaction. "I was speaking about myself", he said.

Kyle Edmund gets rematch with Grigor Dimitrov in Brisbane quarters
The Bulgarian will now battle Kyrgios on Saturday for the chance to defend his 2017 title at Pat Rafter Arena . Edmund meets world No. 3 Grigor Dimitrov next at the ATP event.

Mediterranean or Whole30? Which Is the Best Diet to Start 2018
As the name suggests, the MIND diet is a hybrid of the Mediterranean and DASH (Dietary Approaches to Stop Hypertension ) diets . Higher levels of saturated fat and sugar increase the point value, while higher levels of protein bring the point value down.

Isaiah Thomas has 'love' for Boston, forgives Danny Ainge
In just 19 minutes, Thomas scored 17 points and helped lead the Cavs second unit on a huge run against the Blazers. Cavaliers forward LeBron James passes the ball as Celtics guard Kyrie Irving defends during the second quarter.

Bill Kinsinger, Pilot Flying Missing Texas-Bound Plane, Was Dog Rescue Volunteer
KJRH reports that "the FAA says a single-engine plane lost out of Oklahoma City was last tracked in the Gulf of Mexico; U.S. A small plane that took off from Oklahoma City on Wednesday is missing after flying over the Gulf of Mexico.

Donald Glover's 'Atlanta' Returns To FX In March
Atlanta Robbin' Season will premiere Thursday, March 1 at 10/9c on FX. "You enjoy them more when they're all together, but you can also enjoy them in bits", Glover said.

Republicans Push for Criminal Investigation Into Dossier Author
On Friday, Justice Department spokeswoman Sarah Isgur Flores said the department had received the referral and will review it. Fusion GPS didn't immediately respond to CNBC's request for comment. "We should all be skeptical in the extreme".

China To "Deal Seriously" With Violators Of Oil Sanctions On North Korea
The measures follow increased Security Council penalties imposed following the North's ballistic missile test on November 29. The newspaper said the ship was registered in Malaysia until mid-2017 and then switched to Panama.

Sears to Close An Additional 100+ Stores
No stores in the Northern San Joaquin Valley or Tuolumne County are on the latest closure lists for Sears and Kmart. During the most recent closings, the company shuttered Kmarts in Whitehall and South Whitehall Townships.

Fodder scam case: Court to decide fate of Lalu Prasad Yadav today
Lalu Prasad is also facing trial in three more cases relating to the fodder scam, also known as Chara Ghotala . According to lawyers, Lalu Prasad can be awarded three to seven years imprisonment.

Government estimates lower GDP for 2018-18 at 6.5%
He also indicated that the government could find it hard to achieve its fiscal deficit target of 3.2 per cent of GDP. Taken together, India's "real" or inflation-adjusted GDP grew 6 percent in April-September.

Arsenal manager Wenger banned for three matches after admitting misconduct charge
I'm happy with his commitment, he worked hard for the team and they are the most important things for me. He's very young, he has to continue to work, continue to improve.

Amazon set to bid for Premier League streaming rights
British telecoms Sky and BT won the last auction, which brought in $6.9B. In August, Amazon outbid Sky for the ATP tour tennis rights.

HP laptop batteries overheating leads to recall
HP has announced a recall on batteries in select notebook and mobile workstations sold in recent years. The computer maker is providing battery replacement services by an authorized technician at no cost.

Son strike rescues late point for Spurs against West Ham
West Ham (16th, 21 points): Out of the drop zone following Andy Carroll's heroics against West Brom earlier in the week, the Hammers are a point above the drop zone.