Stock Market Today: Nifty Records Best Winning Streak Since Launch Led By ICICI Bank, Infosys
Intraday, the Nifty rose as much as 0.44% to hit a new record high 25,263.20 and the Sensex rose as much as 0.61% to hit its highest level of 82,637.03.
KEY HIGHLIGHTS
Rupee Ends Flat Against US Dollar
Rupee closed flat at 83.87 against the US dollar.
It closed at 83.87 on Thursday.
Source: Bloomberg
Nifty Records Best Winning Streak Since Launch As ICICI Bank, Airtel Lead: Closing Bell
The Nifty extended gains in the twelfth consecutive session marking the best rally since its launch in 1996 and Sensex rose for a ninth consecutive session. Both the indices closed at their lifetime highs.
Intraday, the Nifty rose as much as 0.44% to hit a new record high 25,263.20 and the Sensex rose as much as 0.61% to hit its highest level of 82,637.03.
The Nifty ended 0.40% or 100.55 points higher at 25252.50 and the Sensex closed 0.28% or 231.16 points higher at 82365.77.
"Despite the index gapping up nearly 95 points, it traded in a tight range of 69 points. It showed mild volatility in the final thirty minutes and marked fresh highs at 25268," said Avdhut Bagkar, technical and derivatives analyst, StoxBox. "However, the index closed near the day’s opening price and closed on an indecision note. "
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Shares of Bharti Airtel Ltd., Tata Consultancy Services Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., and ICICI Bank Ltd. contributed the most to the gains of Nifty.
While those of HDFC Bank Ltd., Reliance Industries Ltd., Coal India Ltd., ITC Ltd., and Tech Mahindra Ltd. dragged the Nifty.
Market breadth was skewed in favour of buyers. Around 2,179 stocks rose, 1,751 stocks declined, and 114 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.50% and 0.74%, higher respectively.
On BSE, 19 sectors out of 20 ended higher with the BSE Realty leading the gains. The BSE Energy ended flat to become the worst performing sector.
Weekly Performance
On a weekly basis, both Nifty and Sensex extended gains to third week with both of them adding around 1.6%.
Most sectoral indices ended higher with Nifty IT rising the most. Nifty PSU Bank and Nifty FMCG were the only indices that fell.
Markets At Close
Nifty ends higher in the twelfth consecutive session, its best winning streak since its launch in 1996
Sensex ends higher for ninth consecutive session
Both indices record highest close
Nifty ends 0.40% or 100.55 points higher at 25252.50
Sensex ends 0.28% or 231.16 points higher at 82365.77
Intraday,Nifty rose as much as 0.44% to hit a new record high 25,263.20 and Sensex rose as much as 0.61% to hit its highest level of 82,637.03.
Broader indices outperformed; Nifty Midcap 100 ended 0.68% up and Nifty Smallcap 250 rose 0.52%
Most sectoral indices ended higher; Nifty Realty was the top gainer and Nifty Media fell the most
Cipla and Bajaj Finance were top Nifty gainers
Tata Motors and RIL were top losers among Nifty stocks
Adani Ports Acquires 80% Stake In Astro For $185 Million
Adani ports acquires 80% stake in global offshore vessels operator Astro for $185 million
Astro acquisition to add 26 offshore support vessels to company's fleet of 142 tugs and dredgers
Astro acquisition to be value accretive from first year itself
Astro acquisition implies an enterprise value of $235 million
Astro operates OSVs in Middle East, India, Far East Asia & Africa
HAL Selects SAFHAL Helicopter For Aravalli Engines
Selects SAFHAL Helicopter Engines to develop Aravalli engines for helicopters
Sources: Exchange filing
