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  1. Sensex gains 330 points to record high, Nifty ends above 11,500 for first time in stock market history

Sensex gains 330 points to record high, Nifty ends above 11,500 for first time in stock market history

Share Market Today: Indian stock markets (Sensex and Nifty) closed at fresh record highs on Monday with BSE Sensex soaring 330 points to close at 38,278.75 and NSE Nifty settling above 11,550 for the first time in stock market history.

By: | Updated:Aug 20, 2018 3:54 pm
Share Market Live: Sensex Live, Nifty Live, Indian Rupee vs US Dollar Exchange Rate, NSE Live, BSE Live, Latest Stock Market News Share Market Today: A man walking past the Bombay Stock Exchange building. (Image: Reuters)

Share Market Today: Indian stock markets (Sensex and Nifty) closed at fresh record highs on Monday with BSE Sensex soaring 330 points to close at 38,278.75 and NSE Nifty settling above 11,550 for the first time in stock market history. Indian equity markets traded higher throughout the day on Monday following the sustained gains in the heavyweight shares of L&T, Reliance Industries, HDFC Bank, HDFC, Tata Motors and SBI while Infosys shares were the biggest drag on Sensex and Nifty after its CFO Ranganath resigned from the post on Saturday.

Shares of HCC and Welspun Corporation were the biggest gainers while GE Shipping, Federal Bank and Graphite India were the biggest losers among ‘A’ group of BSE. Indian markets registered new record highs in the afternoon deals with BSE Sensex gaining 392.81 points to hit a fresh all-time high at 38,340.69 and Nifty zooming 94.55 points to book a new record peak at 11,565.3.

Indian share markets started higher on Monday with BSE Sensex rising 200 points and NSE Nifty breaching the psychological mark of 11,500 for the first time ever within the first few minutes of stock market trading. The sharp upmove in L&T, HDFC Bank, Reliance Industries, HDFC, HUL and SBI shares led the key equity indices to record high in the opening session on Monday with L&T, HDFC Bank and RIL emerging as the biggest positive points contributors. Shares of India’s second-largest IT company Infosys were the biggest drag on Sensex and Nifty and fell 4% after CFO M.D. Ranganath resigned from the company on Saturday last week.

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15:54 (IST) 20 Aug 2018
Sensex up 330 points at 38,278 | Biggest positive point contributors

15:52 (IST) 20 Aug 2018
Nifty @ 11,550 | Top 10 Nifty gainers

15:39 (IST) 20 Aug 2018
Closing bell

Sensex and Nifty finish at new record highs on Monday at 38,278.75, up 330.87 or 0.87% and 11,551.75, up 81 or 0.71%, respectively. Shares of L&T (up 6.74%), Tata Motors (up 4.74%), ONGC (up 3.56%), Tata Steel (up 3.24%), Vedanta (up 3.16%), Bajaj-Auto (up 2.75%), Reliance Industries (up 2.61%), HDFC (up 1.94%), Hero MotoCorp (up 1.91%), SBI (up 1.69%), Wipro (up 1.68%), Coal India (up 1.07%), Adani Ports (up 0.96%) and HDFC Bank (up 0.9%) were the top gainers while stock of Infosys (down 3.22%) was the biggest loser among the Sensex components today. 

15:23 (IST) 20 Aug 2018
Stock markets book new peaks | Sensex @ 38340.69; Nifty @ 11,565.3

The domestic equity markets extended gains from the record high levels buoyed by the sustained upmove in the heavyweight shares of L&T, Reliance Industries, HDFC, HDFC Bank, Tata Motors and SBI. BSE Sensex added as much as 392.81 points to hit a fresh all-time high at 38,340.69 whereas surged 94.55 points to mark a new record peak at 11,565.3. 

14:49 (IST) 20 Aug 2018
Reliance Industries rallies over 2% to hit record high

Reliance Industries shares hit record high on report of $5 billion retail joint venture talks with Alibaba

Shares of billionaire Mukesh Ambani-led Reliance Industries hit record high levels on Monday afternoon, after a report said that China’s retail giant Alibaba has initiated talks with Reliance Retail to form a mega Indian retail joint venture (JV). The stock of Reliance Industries Ltd (RIL) surged as much as 2.62% to an all-time high of Rs 1,235 on BSE today.

14:02 (IST) 20 Aug 2018
Sensex @ 38,300 | Biggest positive point contributors

13:54 (IST) 20 Aug 2018
Sensex crosses 38,300, Nifty climbs 11,600 for first time!

Indian equity markets went up further in the afternoon deals on Monday with BSE Sensex crossing 38,300 and NSE Nifty climbing 11,600 for the first time ever. The benchmark Sensex surged 374.07 points to hit a fresh record high at 38,321.95 whereas the broader Nifty 50 added 92.2 points to mark a new all-time high at 11,562.95. Shares of L&T, Reliance Industries, HDFC, HDFC Bank were the biggest positive points contributors in the index rally, these four shares combined added about 220 points to BSE Sensex today.

13:16 (IST) 20 Aug 2018
Most Asian stocks end higher

Asian stocks are mostly higher Monday as investors welcomed signs of progress in resolving the trade dispute between the US and China, Associated Press reported. The Wall Street Journal reported the countries hope to have a resolution by November, AP report added. Japan's benchmark Nikkei 225 inched down 0.3% to finish at 22,199.00, South Korea's Kospi was little changed, edging up less than 0.1% to 2,247.42, Hong Kong's Hang Seng gained 1.1% to 27,519.90, while the Shanghai Composite rose 0.7% to 2,688.46.

13:13 (IST) 20 Aug 2018
Indian rupee and Chinese yuan lead recovery amid Asian currencies

Most Asian currencies started the week on a high note after news of impending lower-level trade talks between the United States and China returned risk appetite to regional market with China's yuan and the Indian rupee leading the gains against a broadly weaker US dollar, a Reuters report said. The US dollar was flat on Monday after slipping about 0.6% on Friday, as investors exited the safe-haven currency, the report added. 

13:08 (IST) 20 Aug 2018
Crude oil prices turn flat

Crude oil prices were mixed on Monday, weighed down by concerns over slowing economic growth but supported by the expected impact of U.S. sanctions oon Iran, which will start targeting the petroleum industry from November, Reuters said in a report. Brent crude futures were at $71.80 per barrel while US West Texas Intermediate (WTI) crude futures were down 6 cents at $65.85 per barrel.

12:55 (IST) 20 Aug 2018
Nirav Modi in UK, authorities confirm to CBI officials

UK confirms the presence of Nirav Modi in its territory, PTI reported citing CBI officials. CBI has sent an extradition request for fugitive diamantaire Nirav Modi to the UK, the report added. 

12:28 (IST) 20 Aug 2018
HCC jumps 13%

Shares of construction and engineering firm HCC jumped 13% in the early afternoon deals on Monday and were the biggest gainers among all the constituents in 'A' group of BSE. The stock of HCC rose 12.86% to a day's top of Rs 14.48 on BSE today. 

12:17 (IST) 20 Aug 2018
Nifty Live: Nifty hits 11,550

Nifty Live: NSE Nifty 50 hit fresh all-time peak at 11,551.85, up 81.1 points. Shares of L&T, Tata Motors , ONGC, Tata Steel, HPCL, Hero MotoCorp, HDFC, Reliance Industries, Wipro and Hindalco were the top gainers among the 50 components of index rising up to 5.9%.  

11:59 (IST) 20 Aug 2018
Impact of Kerala floods on banks: Jefferies

Jefferies says floods in India's southwestern state of Kerala will lead to some recovery delays and losses for banks, typically in agriculture loans, micro, small and medium enterprises (MSME) priority sector loans, home loans and trade activities, a Reuters report said. Exposure of loans: 24% of exposure to agriculture, 16% to MSME, 11% to housing loans, the global research and brokerage firm Jefferies was seen as saying in a Reuters report. 

RBI regulations allow restructuring of loans in case of natural calamities but banks will need to make higher provisions with respect to restructured loans; expect RBI's relaxation to defer non-performing loan spike in the near term, Jefferies said further. Kerala advances as percentage of total advances are 41% for South Indian Bank and 36% for Federal Bank.

10:59 (IST) 20 Aug 2018
Chinese yuan recoils

China's yuan hit a 10-day high against the dollar on Monday, following a firmer fixing by the central bank and as immediate worries about global trade receded, taking some of the shine off the safe-haven US dollar, a Reuters report said. The sharp turnaround in the Chinese currency came after it booked 10 straight weeks of losses, the longest weekly losing streak since the exchange rate was unified in 1994, shedding nearly 9% to the dollar since the end of March, the report added. 

Earlier on Friday last week, US stocks closed higher with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico, a Reuters report said. The Dow Jones Industrial Average rose 110.59 points, or 0.43% to 25,669.32, the S&P 500 gained 9.44 points, or 0.33% to 2,850.13 and the Nasdaq Composite added 9.81 points, or 0.13% to 7,816.33, the report said further.

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