Market Status

Sunday, 14 January 2018

Nifty opens up to 10,700, Sensex record high at 34,687 points

In the first trading day of the week, with the positive global signals, the Indian stock market started at the record level. Nifty opens for the first time 10,700 The Sensex also started on the record high. The Sensex opened at 34,687 points with a gain of 95 points, while the Nifty rose by 37 points to 10,718 points. Sensex touched record high of 34787.51 in early trade The Nifty reached 10,733.40 points.

 Previous record high level
- Sensex touched record high of 34638.42 on January 12 The Nifty reached 10,690.25 points. 
- On January 11, Nifty made the all-time high of 10,664.60. 
- On January 9, the Sensex touched a new level of height of 34565.63 points. 
- On January 08, the Sense touched the level of 34487.52 points, while the Nifty went up to the high of 10,631.20. 
- On January 5, 2018, the Sensex was 34,175 and the Nifty went up to 10,566.10 points.

Why did the stock market
rally? The Asian market on Monday also reached the historic high level. The Indian stock market has gained steadily in Asian markets. 
- On Friday, the results of Infosys, the country's second largest IT company, were better than expected. In the third quarter, the company's profit increased by 38 percent to Rs 5,129 crore. This helped the market get support. 
On the other hand, there has been a spurt in the market with increase in heavyweight SBI, RIL, TCS and ITC.

Smallcap index at the new height, mid-cap rise 
In early business, midcap and smallcap stocks are also getting bullish with largecap stocks. 
- The BSE Smallcap index rose to a new high of 20153.89 in the market. Capital First, Kingfa Science, Hathway, Muthoot Finance, BEPL and TV Vision's shares in smallcap stocks climbed 4.98 to 7.80 per cent. 
At the same time, the BSE mid-cap index has increased by 0.50 per cent. In mid-cap stocks, ABB, Mfasis, Emami Ltd, National Aluminum, Reliance Infra and Ramco Cement climbed 1.21-1.68 per cent.

Strong debut of rupee
- The first trading day of the week was a strong beginning of rupee. The rupee strengthened by 14 paise to 63.49 against the dollar. The rupee had gained 5 paise to close at 63.63 against the dollar on Friday.
FIIs are selling, DII purchases
In Friday's trading, Foreign Institutional Investors (FIIs) sold shares worth Rs 158.16 crore in the domestic stock market. Domestic Institutional Investors (DII) bought shares worth Rs 696.25 crore.

Asian markets
- the first trading day of the week, Asian markets are getting bullish. Singapore's SGX Nifty index is trading 0.39 percent and is trading at 10,728 points. 
Japan's market is trading 55 points higher at 23,708 points by Nikkei. Hang Seng is trading at 31,645 points with a jump of 233 points. The Korean market index index rose 0.22 percent to 2502 points, while the Taiwan index was 45 points higher and trading at 10,929 points. Shanghai Composite is getting a flat business. The Straits Times is trading at 3,535 points with an increase of 0.42 percent.

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1 comment:

  1. Rudra Investment
    Market Expert gives the best information of mutual fund investment. Information that may not be included in a fund's prospectus is its annual report.