A record high opening, clinching key milestones and turning volatile ahead of expiry of derivatives and yet manage to end at a record highs—the market had it all in a day’s trade. The 50-share index managed to scale a fresh record high of 11,185.85, surpassing the previous levels of 11,171 that was recorded earlier this year.
There was some last hour volatility and weakness ahead of F&O expiry, but PSU banks’ strength ensured that it managed to clock fresh record highs on both indices.
The Sensex is up 126.41 points or 0.34% at 36984.64, while the Nifty closed up 35.30 points or 0.32% at 11167.30.
The market breadth is narrow as 1,337 shares advanced, against a decline of 1,209 shares declined, while 154 shares are unchanged.
State Bank of India, Power Grid Corporation, and ICICI Bank are the top gainers, while Yes Bank and Maruti Suzuki have lost the most.
HEADLINES OF THE DAY
Results to be announced tomorrow :- Alembic Pharma,Alfred Herbert,Apcotex Ind,Bank of Baroda,Cholamandalam,Coromandel Int,Equitas Holding,HCL Tech,ICICI Bank,Johnson Control,JSW Energy,Jubilant Life,Kalyani Forge,Kirloskar Bros,Oriental Carbon,Phillips Carbon,Prestige Estate,Reliance,Shoppers Stop,Welspun India,Westlife Dev.
Tata Power Company has reported consolidated Q1FY19 net profit at Rs 1,769 crore, which includes one-time gain on sale of its investments of Rs 1,897 crore.
Private sector lender Yes Bank started off the year 2018-19 on a strong note with profit growth of 31 percent in June quarter but asset quality weakened.
Eveready Industries first quarter net profit was up 35 percent at Rs 18.4 crore against Rs 13.6 crore, in the same quarter last fiscal.
Shares of Ambuja Cements gained 7.6 percent as company posted strong numbers in the quarter ended June 2018.
ITC gains ahead of results: Shares of Cigarette-to-soap maker ITC gained nearly 2 percent as company is going to announce its financial results for the quarter ended June 2018 on Thursday.
The crucial resistance for Nifty spot is now seen at 11185 and above this 11300 Support for the immediate term is now placed at 11000 next support will be 10980.
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