Sensex, Nifty Close At Record Highs For Second Day In A Row
The Bombay Stock Exchange (BSE) logo is displayed outside the bourse’s lobby in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Sensex, Nifty Close At Record Highs For Second Day In A Row

Latest First
  • Oldest First

Closing Bell: Sensex, Nifty Close At Record Highs For Second Day In A Row

Indian stocks edged higher during the last hour trade and ended at record highs after a topsy-turvy session.

The S&P BSE Sensex rose 0.22 percent to close at a new high at 41,952.63 and the NSE Nifty 50 rose 0.27 percent to end at an all-time high at 12,362.30. The broader markets represented by the NSE Nifty 500 Index rose 0.33 percent.

The market breadth was tilted in favour of buyers. About 1,048 stocks advanced and 743 shares declined on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Media Index’s 2.3 percent gain. On the flipside, the NSE Nifty Private Bank Index was the top sectoral loser, down 0.5 percent.

WATCH: Invest In A Real Estate Player, Not Real Estate, Pashupati Advani Says

Fab Four Stocks Of The Day

TV18 Broadcast

  • Stock rose as much as 19.5 percent to Rs 29.70.
  • Revenue down 3.3 percent to Rs 1,425.4 crore.
  • Net profit down 9.4 percent to Rs 121.9 crore.
  • Ebitda up 2.5 times to Rs 280.4 crore.
  • Margin at 19.7 percent versus 7.8 percent.
  • Operations cost down 18 percent to Rs 628.5 crore.
  • Employee costs down 13 percent to Rs 210 crore.

Tata Global Beverages

  • Stock rose as much as 11 percent to Rs 391.85.
  • Fresh longs seen with high open interest of 75 percent.
  • Trading volume was 12 times its 20-day average.

India Cements

  • Stock rose as much as 8.6 percent to Rs 87.50.
  • Radhakishan Damani increases stake from 1.3 percent to 4.7 percent in December quarter.

Deepak Fertilizers & Petrochemicals

  • Stock rose as much as 7.6 percent to Rs 118.
  • Company sells plot of industrial land in Dahej for Rs 99.2 crore.
  • Strategy to divest non-core assets of the company

Global Markets Update: Europe Stocks, U.S. Futures Drop

Stocks dropped along with American equity-index futures as investors awaited the start of U.S. earnings season and officials prepared to sign a China trade deal in Washington.

  • The Stoxx Europe 600 Index fell 0.4 percent.
  • Futures on the S&P 500 Index decreased 0.3 percent.
  • France’s CAC 40 Index dipped 0.6 percent.
  • The MSCI Asia Pacific Index advanced 0.3 percent.

Get your daily fix of global markets here.

Market Check: Sensex, Nifty Regain Momentum; Set For Record Close

Indian stocks regained momentum and are set for a record close.

The S&P BSE Sensex rose 0.19 percent to 41,939 and the NSE Nifty 50 rose 0.24 percent to 12,359. The broader markets represented by the NSE Nifty 500 Index rose 0.33 percent.

Stocks Moving on Heavy Volumes

Blue Dart

  • Stock rose as much as 9.7 percent to Rs 2,666.
  • Trading volume was more than six times its 20-day average.

Redington India

  • Stock fell as much as 5.2 percent to Rs 127.65.
  • Trading volume was more than 20 times its 20-day average.

TV18 Broadcast

  • Stock rose as much as 19.5 percent to Rs 29.70.
  • Trading volume was more than 19 times its 20-day average.

Cholamandalam Financial Holdings

  • Stock rose as much as 6 percent to Rs 564.
  • Trading volume was more than 10 times its 20-day average.

Tata Global Beverages

  • Stock rose as much as 9.3 percent to Rs 385.80.
  • Trading volume was more than 12 times its 20-day average.

HAL

  • Stock rose as much as 7.9 percent to Rs 867.
  • Trading volume was more than 10 times its 20-day average.

Yes Bank Extends Decline, Shares Drop 13%

Shares of Yes Bank extended declines for the third consecutive trading session. The stock fell as much as 13.2 percent to Rs 36.55.

The Relative Strength Index was below 30, indicating that the stock may be overbought.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.