Thursday, 18 January, 2018

Sensex ends 99 points lower; Nifty settles below 10500

In intraday trade the Sensex index hit a high of 34,005.37 points and rose 0.19% or 65.07 points In intraday trade the Sensex index hit a high of 34,005.37 points and rose 0.19% or 65.07 points
Mandy Jefferson | 31 December, 2017, 00:38

Equities rallied on the last trading session of 2017 on Friday, bringing to close a remarkable year that saw the benchmarks surging past milestones and rewarding investors with a stellar 28% returns.

At 10.15 a.m., the 30-share BSE index Sensex was down 14.41 points or 0.04 per cent at 33,928.86 and the 50-share NSE index Nifty was down 0.9 point or 0.01 per cent at 10,491.65. "Rich valuation and lack of fresh triggers may lead the market to a consolidation phase", said Vinod Nair, Head of Research, Geojit Financial Services.

IT index gained over 1% after remaining subdued for the last one month, with KPIT and Tata Elxsi gaining 4% and 3%, respectively, in the evening trade.

"Focus on upcoming Union Budget and government's reforms will direct investors to turn sector/stock specific".

According to market analysts, broadly positive Asian markets supported the key indices upward movement. The Sensex advanced by 116.53 points, or 0.34%, while the Nifty gained 37.70 points, or 0.35%, during the period.

It surpassed its previous closing high of 34,010.61 reached on December 26. The Nifty50 of the National Stock Exchange ended at 10,477.90, recording a loss of 12.85 points or 0.12 percent.

Mobile collecting Christmas trees at 7 recycling sites
There are also Christmas Tree removal sites for Lafayette residents including Shamrock Park and Armstrong Park. If you live in an HOA or an incorporated town, check to see how and when curbside collection will be done .


Japan's Nikkei and the S&P 500 are both ahead by nearly 20 per cent, while the Dow has risen by a quarter.

In four days, shares of the company have zoomed 122% adding Rs 5,506.76 crore to its market capitalisation.

Anil Ambani group firms Reliance Naval, Reliance Power, Reliance Infrastructure and Reliance Capital and Reliance Home Finance continued with their rally. The December 2017 derivatives contracts expire today, 28 December 2017.

-Jayant Manglik, President, Retail Distribution, Religare Securities Midcap stocks such as Reliance Communications, R Power, GMR Infra surged over 10 per cent each while smallcaps such as JP Power (up 19.90 per cent), FCL (up 19.39 per cent) and Castex Technologies (up 18.37 per cent) led gains on BSE Smallcap index. Globally, Hong Kong's Hang Seng rose 0.42 per cent while Japan's Nikkei up 0.25 per cent in early trade.

Sector-wise, selling was maximum in the BSE PSU index, down 0.77 per cent, followed by oil and gas, auto, bank, healthcare and FMCG.

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