Sensex, Nifty mark closing all-time highs as SBI, ICICI Bank, HDFC twins lead stock market rally!

By: | Updated:Jul 26, 2018 4:12 pm

Share Market Today: Indian stock markets (Sensex and Nifty) finished at the record closing high on Thursday with BSE Sensex and NSE Nifty concluding at their respective closing all-time highs of 36,984.64 and 11,167.3 following the sharp rally in the shares of ICICI Bank, SBI and HDFC twins.

Share Market Today: People walking past the Bombay Stock Exchange building. (Image: Reuters)

Share Market Today: Indian stock markets (Sensex and Nifty) finished at the record closing high on Thursday with BSE Sensex and NSE Nifty concluding at their respective closing all-time highs of 36,984.64 and 11,167.3 following the sharp rally in the shares of ICICI Bank, SBI and HDFC twins. The domestic equity markets reversed losses in the last half an hour of trading on Thursday with BSE Sensex posting a sharp recovery following the rally in shares of ICICI Bank, SBI, HDFC, HDFC Bank which outperformed the drop caused by Maruti Suzuki and Yes Bank.

Indian share markets erased gains in the late afternoon deals on Thursday with BSE Sensex falling 166 points from the all-time high level of 37,027 following the plunge in the share price of Maruti Suzuki, Yes Bank and L&T. BSE Sensex made a low of 36,860.9 while NSE Nifty 50 touched a day’s bottom of 11,125.7. Following the Q1 earnings release, the heavyweight shares of Maruti Suzuki and Yes Bank fell dropped by 4 to 6% respectively.

Indian stock markets traded higher in the afternoon deals on Thursday with BSE Sensex hovering around 37,000 and NSE Nifty trading firm above 11,150 following the rally in the shares off ICICI Bank and SBI. The domestic stock markets were higher in the mid-morning deals with Sensex and Nifty hitting fresh all-time highs at 37,026 and at 11,179.6, respectively, following the sharp gains in SBI share price. Shares of India’s largest bank by asset size SBI (State Bank of India) rose nearly 5% to hit a 6-week high of Rs 284.75. The stock of SBI was the biggest gainer among all the components of Sensex and Nifty today.

Earlier today, Indian equity markets started on a positive note on Thursday with BSE Sensex hitting new all-time high and NSE Nifty breaching the previous all-time high in the morning deals. The benchmark Sensex surpassed 37,000-mark for the first time in history while the broader Nifty 50 touched an all-time high of 11,172.2 following the sharp upmove in heavyweight shares of ITC, SBI, RIL, HDFC Bank and L&T.

Live Blog

Share Market Today: Sensex Today, Nifty Today, rupee vs dollar exchange rate, stock market news

15:56 (IST) 26 Jul 2018
Idea-Voda merger sealed!

The government today gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country's largest mobile operator with 35 per cent market share with around 430 million subscribers, PTI reports.

15:50 (IST) 26 Jul 2018
Sensex @ all-time high: Top movers

15:47 (IST) 26 Jul 2018
Sensex ends @ all-time high again!

15:33 (IST) 26 Jul 2018
Closing bell! Markets end at record high again

Indian equity markets concluded at record highs with Sensex and Nifty finishing at respective all-time highs. The S&P BSE Sensex rose as much as 126.41 points or 0.34% to close at an all-time high of 36,984.64 while NSE Nifty added 35.30 points or 0.32% to end at an all-time closing high of 11,167.30. 

15:29 (IST) 26 Jul 2018
Idea rallies over 4%

Shares of Aditya Birla Group's telecom company Idea Cellular shares rose more than 4% in the late trade following the news of final approval to Vodafone India-Idea Cellular merger. The stock of Idea rose 4.64% to Rs 57.5 on BSE today. 

15:25 (IST) 26 Jul 2018
Idea-Voda merger gets final nod!

Department of Telecom has given final approval to Vodafone, Idea Cellular merger, PTI reported citing unidentified government sources. 

15:21 (IST) 26 Jul 2018
Sensex retakes 37,000!

The benchmark Sensex index retook the psychological level of 37,000 following the sustained rise in the shares of ICICI Bank, SBI, HDFC, HDFC Bank, Axis Bank. The collective uptick in these shares outperformed the plunge caused by shares of Maruti Suzuki, Yes Bank and L&T. 

15:09 (IST) 26 Jul 2018
Just in: Government plans 10% stake sale in HUDCO, NBCC

According to a PTUI report, the government is planning to sell up to 10% stake each in real estate firms HUDCO and NBCC as also 3% in NTPC through an offer for sale (OFS), which could fetch about Rs 5,900 crore to the exchequer. The finance ministry will soon float Request for Proposals (RFP) to appoint merchant bankers for managing the stake sale of HUDCO and NBCC, PTI reported citing an unidentified source.

14:59 (IST) 26 Jul 2018
World stocks at 4-month high

European stocks opened much higher on Thursday, pushing world stocks to new four-month highs after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war, Reuter said in a report. A pan-European stock index rose half a percent while the MSCI world equity index, which tracks shares in 47 countries, hit its highest since March 16 on the news, the report added. 

14:34 (IST) 26 Jul 2018
Yes Bank tumbles over 6%

The stock of Yes Bank dived more than 6% on Thursday following the Q1 earnings release. Yes Bank share price went down by 6.36% to a day's low of Rs 358.55. The company took a mark-to-market loss of Rs 926.7 million in the quarter, it said, relating to bond-trading losses incurred in December 2017 and March 2018 quarters as a result of spike in bond yields in the recent months, Reuters said in a report. 

14:30 (IST) 26 Jul 2018
Yes Bank falls over 5%

Shares of India's fifth-largest private sector lender Yes Bank fell more than 5% in the afternoon trades on Thursday after the Mumbai-based bank reported the Q1 financial results for the financial year 2018-2019.  Yes Bank reported a rise of 31% in the June quarter to Rs 12.60 billion as compared to Rs 9.66 billion in the same quarter a year earlier. Yes Bank's Q1 profit beat Reuters estimates of Rs 12.15 billion. 

14:18 (IST) 26 Jul 2018
Maruti Suzuki Q1 profit misses estimates

Maruti Suzuki posted a lower-than-expected first-quarter profit. According to a Reuters report, Maruti Suzuki's Q1 net profit was estimated to be at Rs 22.71 billion but Maruti Suzuki reported a net profit of Rs 19.75 billion. 

14:12 (IST) 26 Jul 2018
Maruti Suzuki crashes 4%

Shares of India's largest automaker Maruti Suzuki crashed nearly 4% even after the company reported a rise of 27% in the standalone net profit to Rs 1,975.3 crore for the Apr-Jun period of FY19. The stock of Maruti Suzuki fell 3.98% to a day's bottom of Rs 9,369.05 on BSE today. In the reporting quarter, Maruti Suzuki total sales came in at Rs 21,810.7 crore.

14:08 (IST) 26 Jul 2018
Sensex Live: Markets @ lunch

13:12 (IST) 26 Jul 2018

European stocks jumped in early trading on Thursday following a breakthrough in US-EU trade talks, buoying shares in carmakers as the market digested a flurry of company earnings reports. The pan-European STOXX 600 was up 0.4% while Germany's exporter-heavy DAX, which has come under pressure due to uncertainty over global trade, rose 1%, Reuters reported. 

13:08 (IST) 26 Jul 2018
Sensex Live: ICICI Bank is the biggest contributor in Sensex rally today

13:06 (IST) 26 Jul 2018
China's stock market close lower!

China stocks ended lower on Thursday as months of see-sawing US-Sino trade friction stoked uncertainties over the country's economic growth, prompting investors to take a cautious stance. The blue-chip CSI300 index ended down 1.2% at 3,536.25 points, while the Shanghai Composite Index closed down 0.7% at 2,882.23 points, a Reuters report said. 

13:04 (IST) 26 Jul 2018
Sensex Live: Sensex flirts with all-time high

The benchmark Sensex index traded near the 37,000 mark in the afternoon deals on Thursday with shares of SBI, ICICI Bank, Power Grid, Tata Motors, Hero MotoCorp, Tata Motors and Bharti Airtel leading the gains. 

12:59 (IST) 26 Jul 2018
ICICI Bank advances 4%

Shares of India's second-largest private sector bank by assets ICICI Bank emerged as the biggest contributors in driving the Sensex rally on Thursday. The stock of ICICI Bank surged nearly 4% and was the second-biggest gainer among the components of BSE Sensex.  ICICI Bank shares rose 3.84% to Rs 285.15 on BSE today. 

12:51 (IST) 26 Jul 2018
Nomura Q1 profit drops 91%

Japanese investment bank Nomura Holdings posted its worst quarterly performance in over two years with a 91% slump in net profit, as the wholesale division and overseas unit lost money on slow fixed income and equities trading, Reuters said in a report. Nomura, Japan's No.1 brokerage and investment bank, said in a statement on Thursday its April-June net profit was 5.2 billion yen ($46.99 million) versus 56.9 billion yen a year earlier.

12:17 (IST) 26 Jul 2018
Intellect Design Arena down 11%

Shares of Intellect Design Arena fell nearly 11% on Thursday to a day's bottom of Rs 187.1 on BSE. 

12:15 (IST) 26 Jul 2018
Shriram Transport Finance gains 9%

Shares of Shriram Transport Finance Company rose about 9% on Thursday. The stock of Shriram Transport Finance Company gained 8.87% to a day's high of Rs 1398.30 on BSE today. 

12:13 (IST) 26 Jul 2018
Jammu & Kashmir Bank up 14%

Shares of Srinagar-headquartered Jammu & Kashmir Bank rose nearly 14% in the afternoon deals on Thursday. The stock of Jammu & Kashmir was the biggest gainer among the pack of 'A' group on BSE. Jammu and Kashmir Bank shares advanced 13.64% to Rs 55 from a share price level of Rs 48.4 on BSE today. 

12:03 (IST) 26 Jul 2018
Sensex Live: Markets @ noon

11:45 (IST) 26 Jul 2018
Sensex & Nifty @ all-time high | Levels check

The benchmark indices Sensex and Nifty hit respective all-time highs in the early morning session on Thursday. Later in the day, the domestic equities extended gains with Sensex and Nifty breaking and making newer all-time highs.

Present levels; Sensex all-time high: 37,026.18 | Nifty all-time high: 11,179.60

11:40 (IST) 26 Jul 2018
Adani Group stocks plunge up to 7%

Most of Adani Group shares plunged in the mid-morning trades with Adani Power leading the losses. The stock of Adani Power fell 7.16%, shares of Adani Enterprises slumped 4.19% while Adani Transmission cracked 4.11%. 

11:30 (IST) 26 Jul 2018
Sensex Live: Top 5 gainers

Shares of ICICI Bank were the biggest gainers among the large-cap private bank stocks while the stocks Bharti Airtel and ITC were trading up more than 1% ahead of their Q1 FY19 results. 

11:27 (IST) 26 Jul 2018
SBI share price rally 5%: SBI tops turnover on NSE!

11:07 (IST) 26 Jul 2018
Bankers shine: Nifty Bank gains 1%

Shares of most of the large-cap banks traded higher in the mid-morning deals on Thursday with the stock of SBI leading the pack of benchmark Nifty Bank index. The stock of SBI rose 4.65% to a 6-week high of Rs 284.5 from a share price level of Rs 271.85 on NSE. This is the highest level since 14 June 2018 when SBI shares hit an intraday high of Rs 286.55. 

Other than SBI, shares of Bank of Baroda, ICICI Bank, PNB were the major gainers. 

11:02 (IST) 26 Jul 2018
Dr Reddy's drug launch

Shares of Hyderabad-based drug maker Dr Reddy's Laboratories were trading 1.14% higher at 2,112 on NSE today after the pharmaceutical firm announced the launch of Hervycta, in India. Hervycta (Trastuzumab), a biosimilar of Roche's Herceptin in India, is used for treatment of early breast cancer, metastatic breast cancer and metastatic gastric cancer).

10:58 (IST) 26 Jul 2018
Bharti Airtel gains 2% ahead of Q1 FY19 results

Shares of Bharti Airtel emerged as one of the biggest gainers among top 6 stocks on BSE Sensex. The stock of Bharti Airtel surged 2.1% to Rs  359.25 on BSE today. Bharti Airtel is one of the five Nifty companies which is scheduled to report its financial results for the quarter ended 30 June 2018. 

10:55 (IST) 26 Jul 2018
NSE Live: Most active stocks

10:53 (IST) 26 Jul 2018
Sensex Live: Sensex @ all-time high | Top contributurs

10:50 (IST) 26 Jul 2018
SBI hits 6-week high; technicals suggest further upside

SBI share price rose more than 4% to hit a 6-week high in the late morning deals on Thursday. The stock of SBI surged 4.29% to a 6-week top of Rs 283.1 on BSE today. SBI shares are up for the eighth straight session marking their longest rally since April 2013. The stock of SBI has gained 8% in the last 7 sessions. The stock has broken above a resistance at Rs 279.05, the 50% Fibonacci projection level of the uptrend from 26 April low to 13 June high, a Reuters report noted. Further, the stock has also broken above its 200-day EMA (exponential moving average) which is bullish for the stock, the report added. 

Some resistance is expected at Rs 285.79, the 61.8% projection level, while support is at Rs 272.3 and Rs 263.95 from the 38.2% and 23.6% projection levels. MACD is positive and above its signal line, Reuters said further. 

10:40 (IST) 26 Jul 2018
F&O expiry lifts stock market sentiments

Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high, PTI said in a report. 

10:35 (IST) 26 Jul 2018
Sensex Live: SBI emerges as biggest gainer

10:33 (IST) 26 Jul 2018
Major Q1 FY19 results today

Shares of Yes Bank, ITC, Bharat Financial, Biocon, Maruti Suzuki, CCI, SBI Life, Dr Reddy’s, Bharti Airtel, Tata Power will be in a close watch ahead of their respective Q1 FY19 results.

Other companies which are also lined up with their first quarter report card are Tinplate Company, Shyam Century, Jubilant Industries, Eveready Industries, Nagarjuna Oil Refinery, Orient Green Power, Essel Propack, Shriram Transport Finance, MPS, IFB Industries, Star Cement, Grinwell Norton, Nelcast, Shemaroo, Banaras Beads, Aptech, Tata Coffee, SQS India BFSI, Petronet LNG, Jammu & Kashmir Bank, Schaeffler India, Control Print, Indian Card Clothing, Ajmera Realty, Tata Metaliks, Cholamandalam Investment, WABCO India, Colgate, Agro Tech Foods, Alembic Pharma, Ques Corp, Lakshmi Vilas Bank, RS Software, HeidelbergCement India, NIIT, Jindal Stainless (Hisar). 

10:20 (IST) 26 Jul 2018
Ambuja Cements up 7%

Shares of the Mumbai-based cement maker Ambuja Cements rose more than 7% on Thursday after the company posted a rise of 27% in the net profit to Rs 499 crore. This is the highest level since 10 May 2018. The global research and brokerage firm CLSA has reduced its target price to Rs 300 from Rs 325 rupees maintaining a 'buy' rating, Reuters reported. Out of 38 brokerages covering stock of Ambuja Cements, 17 have 'buy' or higher rating, 13 'hold' and eight 'sell' with a median target price of Rs 245, a Reuters report said.

10:13 (IST) 26 Jul 2018
SBI jumps 3%

Shares of India's largest bank by assets SBI (State Bank of India) rose more than 3% in the early session on Thursday. The stock of SBI was the top gainer among all the components on BSE Sensex today. The stock of SBI advanced 3.06% to a day's high of Rs 279.75 on BSE today. 

09:59 (IST) 26 Jul 2018
SGX Nifty Futures nears 11,200!

The global indicator of NSE Nifty 50, SGX Nifty Futures rose as much as 57 points to hit an intraday high of 11,194 on the Singapore Exchange on Thursday. SGX Nifty Futures was trading up 0.27% or 30 points at 11,167. 

09:57 (IST) 26 Jul 2018
NSE Live: Top 10 gainers

09:57 (IST) 26 Jul 2018
Nifty scales new all-time high

The wider share indicator NSE Nifty 50 hit a fresh all-time high within wee hours of trading. NSE Nifty 50 added 40.2 points to hit a new record high of 11,172.2. 

09:53 (IST) 26 Jul 2018
Sensex Live: Sensex @ all-time high

Meanwhile, Asian stocks inched higher on Thursday as the United States and Europe agreed to negotiations to ease barriers on trade, but ongoing concerns about the outlook for global growth weighed on investor sentiment, a Reuters report said. Brent crude led oil prices higher, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low, the report added. Earlier yesterday, Wall Street's major indexes rose as technology stocks soared and reports indicated that US President Donald Trump had secured concessions from the European Union on trade, Reuters said in a report. The Dow Jones Industrial Average rose 0.68% to 25,414.58, the S&P 500 gained 0.91% to 2,846.06 and the Nasdaq Composite added 1.17% to 7,932.24.
Switch to Hindi Edition