Wednesday, 23 May, 2018

Sensex, Nifty scale new peaks on sustained buying

Sensex Nifty touch new high Infosys Kotak Mahindra Bank in focus today Traders keep close track of stocks at the Bombay Stock Exchange headquarters
Russell Knight | 12 January, 2018, 22:33

The broader NSE index was up 0.27 percent at 10,679.55 as of 0630 GMT, after rising as much as 0.37 percent to a record 10,690.25.

What pushed the markets further were global cues as all three major United States indices finished solidly higher at records on Thursday.

The Nifty50 edged higher by 19 points or 0.18 percent to close at 10,651.20 points, while the Sensex at 34,503.49 points - up 70.42 points or 0.20 percent.

Stock markets saw a fresh surge on Friday morning as Sensex jumped a further 100 points, hitting a fresh all-time high of 34,638.42.

Notable losers were TCS 1.27 per cent, Bharti Airtel 0.82 per cent and Wipro 0.45 per cent. During the week, the Sensex gained 438.54 points, or 1.28%, while the Nifty rose 122.40 points, or 1.15%.

Canada Launches Trade Dispute Against US in WTO, Washington Strikes Back
NAFTA has been heavily criticized by Trump, who called it the "worst deal in U.S. history" and warned that he might scrap it. Further to the WTO complaint, Lighthizer said, "Canada is acting against its own workers' and businesses' interests".

Moyo abandoned his family at Mugabe's home: Charamba
Kasukuwere was the former local government minister and had held the position of political commissar in Zanu-PF. Moyo's comments were made during an interview on BBC's HardTalk with anchor Zeinab Badawi, on Thursday morning.

Xerox in major deal talks with Fujifilm; XRX +3.8%
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $30.01B. TEUM has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.40.

At 3:30 pm: The Indian equity indices gained lost ground after falling following the Supreme Court judges press conference. This came even as TCS posted disappointing December quarter earnings.

As per provisional data, domestic institutional investors had bought shares worth Rs 770.02 crore, while FIIs sold equities to the tune of Rs 623.63 crore yesterday.

The S&P BSE Mid-cap and small cap index was up by 1%. China's custom-cleared trade data showed brisk growth in exports and imports in 2017, underscoring a global economy that continues to hum along nicely.

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