Monday, 10 December, 2018

Sensex ends 232 points higher; Nifty settles at 11130-level

All major markets were closed on Friday on account of'Republic Day holiday All major markets were closed on Friday on account of'Republic Day holiday
Nellie Chapman | 30 January, 2018, 01:48

Both levels were slightly lower than their respective highs of the day, which were also record highs.

At 10:15 am, the S&P BSE Sensex was trading at 36,279, up 229 points, while the broader Nifty50 was ruling at 11,121, up 51 points.

The Economic Survey for 2017-18 said the GDP will grow on the back of major reforms which would be strengthened further in the next financial year.

A total of 34 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

Sentiment was upbeat as investors were seen enlarging their portfolios ahead of the Economic Survey due today and the Union budget on February 1, brokers said.

The benchmark BSE index was up 0.97 percent, after climbing as much as 1.09 percent to an all-time high of 36,379.91.

Big gainers that lifted the key indices to new highs included Maruti Suzuki, TCS, Tata Steel, HDFC Ltd, M&M, L&T, Kotak Bank and Tata Motors, surging up to 3.42 per cent.

The survey pointed out that India can be rated as among the best performing economies in the world as the average growth during last three years is around 4 percentage points higher than global growth and almost 3 percentage points higher than that of emerging markets and developing economies.

The wider Nifty50 of the National Stock Exchange, which opened at 11,079.35 points, traded at a fresh high of 11,126.80 points-up 57.15 points or 0.52 per cent-from its previous close.

Indian markets were shut on Friday for Republic Day. The country's top-selling auto maker reported a 3 percent rise in quarterly profit on Thursday and also approved revision in method of calculating royalty payments for new models.