Sensex logs new all-time high, Nifty too ends at record high; ITC, RIL, HDFC twins, ICICI Bank shares shine

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Updated:Jul 27, 2018 5:50:34 pm

Share Market Today: Indian stock markets (Sensex and Nifty) surged to record highs in the late afternoon deals with BSE Sensex and NSE Nifty finishing at all-time highs following the sharp rally in the shares of ITC, RIL, ICICI Bank, HDFC, HDFC Bank and Axis Bank.

Share Market Today: Earlier yesterday, both the key equity indices, Sensex and Nifty, concluded at their respective closing all-time highs. (Image: Reuters)

Share Market Today: Indian stock markets (Sensex and Nifty) surged to record highs in the late afternoon deals with BSE Sensex and NSE Nifty finishing at all-time highs following the sharp rally in the shares of ITC, RIL, ICICI Bank, HDFC, HDFC Bank and Axis Bank. Both the key indices Sensex and Nifty edged higher in the late trade on the sustained upsurge in the shares of ITC, RIL, HDFC, ICICI Bank, HDFC Bank. The markets traded higher in the afternoon deals on Friday holding the early gains with BSE Sensex flirting with 37,300 and NSE Nifty hitting fresh all-time high following the uptick in ITC coupled with a rally in RIL and HDFC Bank shares.

India’s share markets held the early gains and traded higher in the mid-morning deals on Friday with BSE Sensex hitting a new all-time high of 37,327 and NSE Nifty touching a fresh peak of 11,253.9 following the boost from ITC, RIL, ICICI Bank, SBI and Infosys shares. Shares of heavyweight scrip RIL (Reliance Industries Ltd) joined the stock market rally steering Sensex and Nifty to hit new all-time highs. The oil-to-textile-to-telecom conglomerate RIL led by India’s richest person Mukesh Ambani is scheduled to report its Q1 FY19 earnings.

The domestic stock markets went beyond the early session peaks in the late morning deals with BSE Sensex rallying 340 points to hit an all-new all-time high and NSE Nifty surpassing the key level of 11,250 for the first time in stock market history.

Shares of India’s largest FMCG firm ITC were the biggest gainers among all the components of Sensex and Nifty on Friday. ITC share price on Friday rose more than 6% to hit a 52-week high following the Q1 FY19 financial results. Indian equities started higher on Friday with BSE Sensex hitting a fresh all-time high for the fifth day in a row and NSE Nifty breaching the psychological level of 11,200. Earlier yesterday, both the key equity indices, Sensex and Nifty, concluded at their respective closing all-time highs following the sharp rally in the shares of ICICI Bank and SBI.

Meanwhile today, Asian stocks struggled to gain traction on Friday, following a mixed Wall Street finish and as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between the United States and Europe, Reuters said in a report.

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Highlights

    16:09 (IST)27 Jul 2018
    Nifty @ all-time high: Most traded stocks on National Stock Exchange on 27 July 2018

    Shares of India's largest FMCG company ITC emerged as the most traded among all the listed stocks on NSE. Notably. ITC shares also topped the traded turnover today.  

    16:04 (IST)27 Jul 2018
    Nifty Bank hits all-time high!

    16:02 (IST)27 Jul 2018
    Sensex @ all-time high: Stocks that contributed the most in Sensex rally to records!

    16:01 (IST)27 Jul 2018
    Nifty @ all-time high: Top 10 Nifty stocks

    15:59 (IST)27 Jul 2018
    Sensex @ all-time high: Major Sensex gainers

    15:38 (IST)27 Jul 2018
    Closing bell! Markets end at all-time highs

    Markets end at closing all-time highs. Sensex ends at 37,336.85, up 352.21 points or 0.95%. Nifty finishes at 11,278.35, up by 111.05 points or 0.99%. 

    15:30 (IST)27 Jul 2018
    Positive global cues

    Global stocks rose on Friday as strong company earnings reports and an easing of transatlantic trade tensions on an agreement between the United States and Europe this week to try to cut trade barriers boosted investor confidence, Reuters said in a report. 

    15:25 (IST)27 Jul 2018
    HDFC AMC IPO: Subscribed 42%

    The IPO (initial public offer) of HDFC Asset Management Company was subscribed 42.68 times so far on the last day of bidding today. The IPO, to raise Rs 2,800 crore, received bids for 80,26,20,988 shares against the total issue size of 1,88,04,290 shares. until 2:15 pm. 

    15:22 (IST)27 Jul 2018
    Inox Wind gains 18%

    Shares of heavy equipment maker Inox Wind surged nearly 18% in the late session on Friday. The stock of Inox Wind rallied as much as 17.92% to a day's high of Rs 102 on BSE today. 

    15:14 (IST)27 Jul 2018
    Sensex, Nifty @ all-time highs

    BSE Sensex all-time high: 37,368.62

    NSE Nifty all-time high: 11,282.65

    15:00 (IST)27 Jul 2018
    Sensex Live: Sensex @ all-time high

    14:58 (IST)27 Jul 2018
    Sensex Live: Markets hit fresh record highs

    Indian equity markets extended gains in the late afternoon deals on Friday with BSE Sensex and NSE Nifty hitting fresh record highs. The benchmark Sensex rose 383.98 points to hit a fresh all-time high of 37,368.62 whereas NSE Nifty added 114.5 points to hit a new record high of 11,281.8. 

    14:53 (IST)27 Jul 2018
    14:36 (IST)27 Jul 2018
    Zensar to acquire Indigo Slate

    Shares of Pune-based IT firm Zensar Tech were trading flat at Rs 1,235 on BSE after the company said it will acquire US-based Indigo Slate for about $18 million. 

    14:23 (IST)27 Jul 2018
    Samsung cut prices by 8%

    Samsung on Friday said that it has reduced prices by nearly 8% to pass on the cut in GST rates to consumers.

    14:18 (IST)27 Jul 2018
    Sensex Live: Markets @ lunch

    13:24 (IST)27 Jul 2018
    IL&FS Transportation Networks zooms 19%

    Shares of IL&FS Transportation Networks zoomed nearly 19% on Friday after the company concluded the proposal of a rights issue. Following the development, IL&FS Transportation Networks shares rose 18.85% to a day's high of Rs 43.50. 

    "The board of directors of the company concluded today at 12.15 p.m., the proposal for issue of equity shares of the face value of Rs 10 each of the company to the existing shareholders of the company on a rights basis ('rights issue') upto Rs 3,000 crore was approved subject to all applicable statutory and regulatory approvals," IL&FS Transportation Networks said in an exchange filing. 

    13:12 (IST)27 Jul 2018
    Reliance Industries surges 2% ahead of Q1 FY19 results

    Shares of Reliance Industries Ltd (RIL) surged more than 2% in the afternoon trades ahead of its Q1 FY19 results. The stock of RIL soared 2.4% to a day's high of Rs 1,137 on BSE. RIL shares are hovering its all-time high of Rs 1,138.25./

    13:02 (IST)27 Jul 2018
    Sensex @ all-time high | Big blue-chips riding the stock market rally

    13:00 (IST)27 Jul 2018
    Australian stock market at 10-year high

    Australian shares closed the week at their highest level since early 2008, with Friday's trading buoyed by news that BHP, the world's biggest miner, had agreed to sell its U.S. shale assets and promised to return all proceeds to its shareholders, Reuters reported. BHP provided a strong lift for the S&P/ASX 200 index, which closed 0.9% higher at 6,300.2, enough to score a second straight week of gains, the report added.

    12:58 (IST)27 Jul 2018
    Anita Gandhi on stock markets

    The RBI (Reserve Bank of India) is scheduled to hold the third bi-monthly MPC (monetary policy committee) meeting next week from 31 July to 1 August 2018. "Markets won't necessarily react negatively if there is a rate hike with positive commentary from RBI," Anita Gandhi, whole-time director at Arihant Capital Markets was seen as saying in a Reuters report. "With good monsoon (rains) and strong corporate results, expect the market to continue its bullish trend with upside of another 100/150 points on Nifty levels in the near term," Anita Gandhi said further in the report. 

    12:54 (IST)27 Jul 2018
    China stock markets close lower

    China stocks ended down on Friday, as investors were cautious amid concerns over the Sino-US trade friction, a Reuters report said. The blue-chip CSI300 index ended 0.4% down at 3,521.23, while the Shanghai Composite Index closed 0.3% lower at 2,873.59 points. 

    12:50 (IST)27 Jul 2018
    Hindalco gains 7% on Aleris acquisition

    Shares of Hindalco today surged nearly 7% after the company announced the acquisition of American aluminium maker Aleris in a USD 2.58-billion leveraged deal through its overseas subsidiary Novelis. The stock of Hindalco jumped 6.68% to Rs 220.35 on BSE. According to Reuters report, 27 of 28 brokerages covering the stock rate it "buy" or higher, and 1 "sell" with a median target price of Rs 305. 

    12:48 (IST)27 Jul 2018
    Lupin drug launch

    Lupin on Friday announced the launch of Desoximetasone Topical Spray, used for the treatment of plaque psoriasis, in the US market. "Lupin's Desoximetasone Topical Spray, 0.25 per cent, is the generic equivalent of Taro Pharmaceuticals U.S.A Inc.'s Topicort Topical Spray, 0.25 per cent. It is a corticosteroid indicated for the treatment of plaque psoriasis in patients 18 years of age or older," Lupin said in an exchange filing.

    12:40 (IST)27 Jul 2018
    NSE Live: Nifty 50 hits fresh all-time high

    NSE Live: The broader share indicator NSE Nifty 50 hit fresh all-time high in the afternoon trades on Friday following the uptick in the shares of heavyweight Reliance Industries and HDFC Bank. NSE Nifty hit a new all-time peak at 11,256.35, up by 89.05 points. 

    12:33 (IST)27 Jul 2018
    SoftBank partners with Paytm

    SoftBank Group Corp on Friday said that it will launch a digital payments service in Japan, and has partnered Paytm for the service.

    "PayPay Corporation, a joint venture established by SoftBank Corp. (“SoftBank”) and Yahoo Japan Corporation (“Yahoo Japan”), today announced that the company will launch “PayPay” smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation will team up with India's largest digital payment company Paytm, a SoftBank Vision Fund portfolio company, to utilize Paytm's technology and expertise in mobile payments," SoftBank said in a statement. 

    12:29 (IST)27 Jul 2018
    Sensex Live: Sensex @ all-time high | ITC & RIL lead stock market jubilation

    Shares of industry heavyweights -- ITC (India's largest FMCG firm) & RIL (India's second largest firm) -- provided the biggest boost to Sensex and Nifty on Friday. On a collective basis, RIL and ITC shares alone added more than 180 points to the Sensex uptick. The boost provided by these stocks vastly outperformed the wipeout due to the plunge in shares of HUL and TCS.

    12:20 (IST)27 Jul 2018
    Reliance Industries Q1 FY19 results ahead | Major Q1 earnings today

    Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is all set to declare the financial results for the first quarter ended June 30 of the fiscal year 2018-2019. Shares of RIL were trading nearly 2% higher on the stock exchanges today ahead of the earnings release. Other blue-chip results which are also scheduled for today are Bank of Baroda, ICICI Bank, HCL Tech.

    Other major NSE Q1 earnings today: IRB InvIT, Coromandel International, M&M Financial Services, Indian Overseas Bank, Quintegra Solutions, Jayaswal Neco, Genus Power, Johnson Controls, Philips Carbon, Excel Corp Care, Nagarjuna Fertilizers, Apcotex Industries, OnMobile Global, Prestige Estates, R Systems, Royal Orchid, Welspun India, Jubilant Life Sciences, Mafatlal Finance, Equitas Holdings, Heritage Foods, JSW Energy, Oriental Carbon & Chemicals, RPG Life Sciences, Schneider Electric, DIC India, Kalyani Forge, TRF, Shoppers Stop.

    12:13 (IST)27 Jul 2018
    Rupee falls 17 paise from day's high vs USD

    The Indian rupee fell as much as 17 paise in the afternoon session against US dollar at the interbank foreign exchange market. The rupee dropped by 17 paise at 68.71 apiece US dollar from a day's high of 68.5350, Bloomberg data showed. 

    12:11 (IST)27 Jul 2018
    Sensex Live: Top 12 Sensex gainers

    12:06 (IST)27 Jul 2018
    Sensex Live: Market @ noon

    Sensex Live: Indian stock markets held the morning gains in the early afternoon trades with BSE Sensex trading at 37,260.97, up by 276.33 points or 0.75% and NSE Nifty trading at 11,240.95, up by 73.65 points or 0.66%.

    11:54 (IST)27 Jul 2018
    Market-wide buying seen | Small and mid-cap stocks shining too

    11:51 (IST)27 Jul 2018
    Motilal Oswal Financial Services gains 10%

    Shares of the domestic research, advisory and brokerage firm Motilal Oswal Financial Services rose more than 10% in the early afternoon deals on Friday. The stock of Motilal Oswal Financial Services jumped 10.83% to day's high of Rs 930 on BSE today. The stock was the biggest gainer among 'A' group on BSE today. 

    11:34 (IST)27 Jul 2018
    PSU Bank stocks rally for second straight day | Nifty PSU Bank up 1%

    11:17 (IST)27 Jul 2018
    Sensex Live: Sensex hits new all-time high | Levels check

    BSE Sensex geared up again in the mid-morning deals on Friday and hit a fresh lifetime peak at 37,327, up by 342.36 points and NSE Nifty touched a fresh top of 11,253.9, up by 86.6 points. 

    11:15 (IST)27 Jul 2018
    Bharti Airtel gains 4%

    Shares of telecom giant Bharti Airtel rose more than 4% following the better-than-expected Q1 FY19 financial results. The stock of Bharti Airtel surged 4.5% to a day's high of Rs 373.9. According to a Reuters report, out of the 30 brokerages covering the stock, 22 rates it "buy" or higher, four rates it "hold" and four "sell" or lower with a median price target Rs 500.

    11:10 (IST)27 Jul 2018
    NSE Live: Top 10 stock trades on National Stock Exchange today

    11:05 (IST)27 Jul 2018
    Chinese yuan drops vs US dollar

    China's yuan weakened against the dollar on Friday, breaching the key 6.8 per dollar level, dragged lower by a weaker midpoint and fears of further depreciation amid Sino-U.S. trade tensions.

    10:59 (IST)27 Jul 2018
    Biocon up 9% on Q1 FY19 results

    Shares of Kiran Mazumdar Shaw founded pharmaceuticals company Biocon surged more than 9% in the morning session on Friday after the Bengaluru-based biopharmaceutical company reported a rise of 47% in the April-June quarter. The stock of Biocon was the biggest gainer among all the components of Nifty Pharma index. Today, Biocon shares saw their biggest intraday percentage gain since 4 December 2017.

    10:45 (IST)27 Jul 2018
    Market at records: Sensex, Nifty resistance and support levels.

    The S&P BSE Sensex hit the all-time high for the fifth straight day on Friday on the back of corporate earnings optimism. BSE Sensex has touched an all-time peak of 37,325.62 while NSE Nifty marked an all-time high at 11,252.9 on Friday. According to a Reuters report, the 30-share barometer Sensex may test a resistance at 37,618.55 while wider share indicator Nifty may test next resistance at 11,305.94. 

    Sensex support level: 37,106.14 | Nifty support level: 11,162.05 (Source: Reuters)

    Earlier yesterday, the massive plunge in Facebook Inc's shares pushed the Nasdaq down more than 1%, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade, a Reuters report said. Facebook shares dived 19% their biggest ever one-day percentage drop, after the social media giant forecast years of lower profit margins. The Dow Jones Industrial Average rose 0.44% to 25,527.07, the S&P 500 lost 0.30% to 2,837.44 and the Nasdaq Composite dropped 1.01% to 7,852.19, the report added.