RIL’s 3% gain to record level steers Sensex to all-time high, Nifty ends at 11,450 for first time ever!

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Updated:Aug 08, 2018 4:12:28 pm

Share Market Today: Indian stock markets (Sensex and Nifty) ended at record closing highs on Wednesday with BSE Sensex closing near to 37,900 and NSE Nifty finishing above 11,450 for the first time in stock market history following the rally in Reliance Industries share price.

Share Market Today: (Image: Reuters)

Share Market Today: Indian stock markets (Sensex and Nifty) ended at record closing highs on Wednesday with BSE Sensex closing near to 37,900 and NSE Nifty finishing above 11,450 for the first time in stock market history following the rally in Reliance Industries share price. The Mukesh Ambani-led Reliance Industries shares surged as much as 3.25% to an all-time high of Rs 1,222 before closing up 2.85% at Rs 1,217.25 on BSE today. The stock of Reliance Industries Ltd (RIL) was the biggest gainer among all the constituents of Sensex and Nifty, and was the biggest positive points contributor to both the indices.

Indian markets inched higher in the afternoon deals on Wednesday with BSE Sensex jumping over 200 points and NSE Nifty hitting a fresh all-time high as Reliance Industries and HDFC Bank shares joined the jubilation. The heavyweight scrips of RIL, HDFC Bank, Kotak Mahindra Bank and SBI were the biggest positive points contributors to Sensex and Nifty. Following the considerable uptick in HDFC Bank share price, the benchmark Nifty Bank index breached a psychological level of 28,000 for the first time ever.

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Highlights

    16:12 (IST)08 Aug 2018
    RCom rallies in late trade

    Shares of Anil Ambani's telecom company RCom (Reliance Communications) rallied 15% in the late trades on Wednesday before settling up 11%. The stock of RCom surged as much as 10.67% at Rs 18.36 on BSE. RCom share price on BSE gained 14.95% to Rs 19.07 while on NSE, it advanced 14.71% to Rs 19.1. 

    16:07 (IST)08 Aug 2018
    Is stock market's rally to record high real?

    The benchmark equity indices Sensex and Nifty might have concluded at their respective all-time highs but a broader market picture depicts a different story. Out of the 2,869 total stocks traded on BSE, India's largest stock exchange by number of listed companies, 1,315 stocks ended in green, 1,422 stocks ended in red while 132 finished unchanged. 

    Further, as many as 102 stocks slumped to their respective 52-week lows on Wednesday as compared to 75 stocks that hit their 52-week highs. The total market capitalisation of all the listed companies on BSE stood at Rs 155.35 lakh crore. 

    16:01 (IST)08 Aug 2018
    Sensex @ all-time high | Top positive point contributors to index

    15:57 (IST)08 Aug 2018
    Nifty Bank @ all-time high

    15:54 (IST)08 Aug 2018
    Closing bell!

    Indian stock markets ended on record highs on Wednesday with Sensex, Nifty, Nifty Bank finishing at their respective closing highs led by the heavy uptick in shares of RIL and ICICI Bank. BSE Sensex surged as much as 265.62 points to hit a record high 37,931.42 before closing at 37,887.56, 221.76 or 0.59% while NSE Nifty rallied 70.5 points to hit a fresh lifetime peak of 11,459.95 before finishing at 11,450, up 60.55 points or 0.53%. 

    15:30 (IST)08 Aug 2018
    RIL gains 3%: Sensex hits 37,900 for first time in stock market history

    Shares of RIL extended gains in the late trades and surged more than 3% steering the benchmark Sensex index to cross 37,900 for the first time in stock market history. The stock of RIL added Rs 38.45 or 3.25% to hit a fresh all-time high of Rs 1,222 on BSE today. Following the huge uptick in the heavyweight, BSE Sensex rallied 265.62 to hit an all-new record high at 37,931.42. 

    15:14 (IST)08 Aug 2018
    Lupin cracks 5% on weak Q1 FY19 results

    Shares of India's third-largest pharmaceutical firm Lupin crashed more than 5% on Wednesday after the Mumbai-based drugmaker reported a maasive decline of 43.% in the consolidated net profit to Rs 202.76 crore for the first quarter ended 30 June, largely hit by the drop in sales in the US and Japan. The stock of Lupin fell as much as 5.54% to a day's low of Rs 818.55 on NSE today. Lupin had posted a net profit of Rs 358.08 crore in the April-June quarter of the financial year 2017-2018.

    15:00 (IST)08 Aug 2018
    Market check

    The domestic equity markets were trading in positive territory in the late deals on Wednesday after recovering well above from day's lows. BSE Sensex was trading 37,818.68, up 152.88 points or 0.41% while NSE Nifty was trading at 11,428.55, up 39.1 points or 0.34%. Shares of ONGC, RIL, Tata Motors, Tata Steel, HUL, SBI, ICICI Bank were the lead gainers. 

    14:53 (IST)08 Aug 2018
    China Tower Corp ends flat on first day of stock market trading in Hong Kong

    China Tower Corp Ltd's shares closed flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions dragging on investor sentiment towards the world's biggest initial public offering (IPO) in two years, Reuters reported. Shares of China Tower, the world's largest mobile telecommunications tower operator, edged only as high as HK$1.29 before ending unchanged from their IPO price at HK$1.26, it added. 

    14:46 (IST)08 Aug 2018
    NSE Live: Turnover toppers of Wednesday, 8 August 2018

    14:05 (IST)08 Aug 2018
    Chinese stock market retreats

    China's stock markets retreated on Wednesday as fresh US tariffs and the increasingly heated trade war between the world's two largest economies cast doubt over Beijing's ability to boost its economy through pro-growth policies, a Reuters report said. The Shanghai Composite index fell 1.3% and the blue-chip CSI300 index ended 1.6% lower, reversing gains made in a recovery in the previous session, the report said further. Both indexes had posted their biggest daily gains since 2016 on Tuesday, rebounding from four days of heavy losses and raising hopes that their dizzying slide into correction territory may be bottoming, it added. 

    13:15 (IST)08 Aug 2018
    Mukesh Ambani’s Reliance takes Sensex, Nifty to new all-time highs!

    Mukesh Ambani’s Reliance takes Sensex, Nifty to new all-time highs, adds Rs 12,000 crore in stock market value

    The Mukesh Ambani-controlled Reliance Industries Ltd (RIL) took the benchmark equity indices Sensex and Nifty to new all-time highs on Wednesday as the oil-to-textile-to-telecom conglomerate added over Rs 12,000 in stock market value.

    12:31 (IST)08 Aug 2018
    Big Breaking | Sensex, Nifty register fresh all-time highs!

    BSE Sensex hit a fresh all-time high at 37,882.34, up 216.54 points while NSE Nifty logged a new all-time peak at 11,449.35, up 59.9 points. 

    12:13 (IST)08 Aug 2018
    Sensex Live: Top positive points contributors

    Sensex Live: Here are top  eight positive points contributors to Sensex today. 

    12:09 (IST)08 Aug 2018
    Sensex Live: BSE Sensex jumps 200 points

    Sensex Live: BSE Sensex jumped 200 points in the afternoon deals following the sustained gains in the big blue-chip shares of companies such as Reliance Industries, HDFC Bank, Kotak Mahindra Bank, HUL, L&T, HDFC, ONGC, ICICI Bank, Tata Motors and SBI. The benchmark Sensex rose 199.68 points to a day's top of 37,865.48 on Wednesday. 

    11:39 (IST)08 Aug 2018
    Nifty Live: NSE Nifty hits new all-time high

    Nifty Live: The wider share indicator NSE Nifty 50 hit an all-new lifetime high of 11,435.9 on Wednesday. Shares of Tata Motors (up 2.27%), Tata Steel (up 1.61%), ONGC (up 1.52%), GAIL (up 1.15%), Asian Paints (up 1.09%), Bajaj Finance (up 1.08%), Reliance Industries (up 0.98%), SBI (up 0.97%), Kotak Mahindra Bank (up 0.96%) and IndusInd Bank (up 0.94%) were the top 10 gainers among Nifty stocks today. 

    11:19 (IST)08 Aug 2018
    Sensex Live: Sensex back in action

    Sensex Live: The benchmark Sensex was trading at 37,825.99, up 160.19 or 0.43% following the gains in heavyweight scrips such as Reliance Industries and HDFC Bank. Shares of ONGC (up 1.71%), Asian Paints (up 1.56%), Tata Motors (up 1.53%), Tata Steel (up 1.5%), Kotak Mahindra Bank (up 1.04%), Reliance Industries (up 1.01%), SBI (up 0.94%), Adani Ports (up 0.87%), IndusInd Bank (up 0.84%), Yes Bank (up 0.83%), HUL (up 0.79%) and HDFC Bank (up 0.7%) were the top 12 gainers among Sensex stocks. 

    11:14 (IST)08 Aug 2018
    Nifty Live: Nifty Bank crosses 28,000 for first time in stock market history

    Nifty Live: The banking sector benchmark index on the National Stock Exchange Nifty Bank crossed the psychological mark of 28,000 for the first time in stock market history in the early afternoon trades on Wednesday. Shares of Bank of Baroda (up 1.88%), Federal Bank (up 1.83%), SBI (up 1.04%), Kotak Mahindra Bank (up 0.92%), Yes Bank (up 0.85%), IndusInd Bank (up 0.73%) and HDFC Bank (up 0.66%) were the top gainers out of the Nifty Bank components while industry heavyweight HDFC Bank was the biggest positive points contributor to the index. 

    10:43 (IST)08 Aug 2018
    Chinese stock markets drop

    China's stock markets sank on Wednesday as the US said it would slap tariffs on more Chinese goods before month end, overshadowing Beijing's pledges to spur growth and cushion the economy from what is shaping up to be a protracted trade war, Reuters said in a report. The Shanghai Composite index fell 0.3% and the blue-chip CSI300 index was 0.6% lower.

    10:41 (IST)08 Aug 2018
    Mukesh Ambani's Reliance Industries gains over 1%

    Shares of the billionaire Mukesh Ambani-controlled oil-to-textile-to-telecom conglomerate Reliance Industries Ltd (RIL) advanced more than 1% on Wednesday and were the biggest positive points contributors to both Sensex and Nifty today. The stock of Reliance Industries rose 1.35% to a day's top of Rs 1,199.50 on BSE today. Earlier yesterday, Reliance Industries informed that it has completed the acquisition of Eros International Plc. 

    "RIL has now completed the acquisition by subscribing to 3,111,088 'A' ordinary shares at USD 15 per share for cash aggregating to USD 46.67 million, translating to 5% equity stake on a fully diluted basis of Eros International Plc. The said investment has been made by RIL directly," Reliance Industries said in an exchange filing. 

    10:24 (IST)08 Aug 2018
    Asian markets trade firm

    Shares were mostly higher in Asia on Wednesday after the US followed through with plans to put higher tariffs on $16 billion in Chinese exports, Associated Press said in a report. Japan's Nikkei 225 index gained 0.4% to 22,749.27, Hong Kong's Hang Seng index added 0.4% to 28,368.84, South Korea's Kospi added 0.3% to 2,307.59while China's Shanghai Composite index fell 0.3% to 2,770.49.

    10:11 (IST)08 Aug 2018
    Sensex Live: Bharti Airtel plunges over 1%

    Sensex Live: Shares of India's telecom giant Bharti Airtel plunged more than 1% in the morning trades and were the biggest losers among the Sensex components today. The stock of Bharti Airtel slumped 1.36% to a day's bottom of Rs 376.15 on BSE today. 

    10:07 (IST)08 Aug 2018
    Rupee gains 6 paise against USD

    The rupee rose by 6 paise to 68.62 against the dollar in early trade today as the US currency softened against China's yuan and the euro amid sustained foreign fund inflows, PTI said in a report. Increased selling of the greenback by exporters and banks amid a higher opening in the domestic equity market lifted the domestic currency, the report said citing unidentified dealers.

    09:50 (IST)08 Aug 2018
    Vakrangee gains 11%; logs 53% return in 6 days

    Shares of Vakrangee continued the upsurge for the sixth straight day on Wednesday ahead of its board meeting scheduled for 10 August 2018. Vakrangee shares have been continuously gaining since 31 July 2018. The stock of Vakrangee rose 10.81% to a day's high of Rs 73.3 on BSE today.  In the board meeting on 10 August, the board of directors of Vakrangee will consider and approve un-audited (standalone & consolidated) financial results for the quarter ended 30 June 2018 and will recommend final dividend for the financial year 2017-18 (if any).

    09:44 (IST)08 Aug 2018
    Sensex Live: Benchmarks crack as heavyweights tumble

    Sensex Live: The key equity indices Sensex and Nifty fell in negative territory after opening higher as a pack of heavyweight shares tumbled in the wee hours of stock market trading. Shares of Infosys, ICICI Bank, Maruti Suzuki, HDFC, Axis Bank emerged as the major drag on Sensex and Nifty. 

    09:26 (IST)08 Aug 2018
    Sensex Live: BSE Sensex gains over 100 points

    Sensex Live: The benchmark Sensex surged more than 100 points in the early session on Wednesday following the uptick in shares of Reliance Industries, ITC, HDFC Bank and SBI. BSE Sensex rose 110.06 points to a day's high of 37,775.86. 

    09:16 (IST)08 Aug 2018
    Opening Bell

    Indian equity markets started on a positive footing on Wednesday following the uptick in major Wall Street stock indices. BSE Sensex started at 37,756.24, up 90.44 or 0.24% and NSE Nifty opened at 11,412.50, up 23.05 points or 0.20%. Shares of Coal India, Vedanta, M&M, Adani Ports, Tata Steel, ONGC, Axis Bank and HDFC were the major gainers among the Sensex components today rising more than 0.5%. All the sectors of the National Stock Exchange started the day in green, indicating a marketwide buying today, with Nifty Metal, Nifty Auto and Nifty Media leading the charge. 

    09:09 (IST)08 Aug 2018
    CreditAccess Grameen IPO opens today

    The IPO (Initial Public Offering) of the Bengaluru-based NBFC CreditAccess Grameen is all set to hit the markets today, 8 August 2018. CreditAccess Grameen has expected to raise up to Rs 1,131 crore at the upper end of the price band of Rs 422. CreditAccess Grameen IPO will remain open for subscription till Friday, 10 August 2018. Investors can bid in a minimum for 35 equity shares and in multiple of the 35 equity shares thereafter. CreditAccess Grameen IPO contains a fresh offer and an offer for sale. 

    09:02 (IST)08 Aug 2018
    SGX Nifty Futures in red

    The global indicator of NSE Nifty, SGX Nifty Futures was trading marginally lower in red, down 0.02% at 11,424 on the Singapore Exchange on Wednesday. 

    Indian stock markets turned lacklustre within few minutes of opening higher on Wednesday with Sensex and Nifty trading flat as shares of Infosys, ICICI Bank and HDFC bled. The domestic stock markets started on a positive note on Wednesday with BSE Sensex rising more than 100 points and NSE Nifty reclaiming the 11,400-level as heavyweight shares of Reliance Industries and HDFC Bank led from the front.
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