Markets@Moneycontrol: Early diwali with Nifty closing at record high

13 October, 2017 10:03 IST

Sectoral indices turned green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent. The Sensex closed at 32432.69, clearly a gain of 0.78% within the session.

The Dow edged down 31.88 points or 0.1 percent to 22,842.01, the Nasdaq dipped 12.04 points or 0.2 percent to 6,591.51 and the S&P 500 dipped slipped 4.31 points or 0.2 percent to 2,550.93. TTML was the leader in the sector with a lead of 9.95%, followed by Airtel (7.89%), Idea (5.91%), RCom (5.25%). ICIC Bank, HDFC Bank, Kotak Mahindra Bank and Yes Bank rose between 1.5-2.5 per cent.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

Asian stocks are mostly higher amid cautious trades on Friday as investors await the release of Chinese trade data for September later in the day.

RIL Q2 net profit up 12.5% to Rs 8109 cr
The company's debt swelled to Rs 2,14,145 crore at the end of September as compared to Rs 1,96,601 crore as on March 31, 2017. Depreciation and amortisation expenses were at Rs 1,183.88 crore and selling and distribution costs at Rs 260.84 crore.

Bitcoin Prices Push Through $5000 and on to All Time Highs
China's crackdown was reportedly caused by fear of fraud and to protect itself from a potential cryptocurrency bubble. The lowest price seen was $5,268.19000000 on Bitstamp's exchange at 3:36 pm yesterday.

Sells 106500 Shares of First Horizon National Corp (FHN)
Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. The fund owned 38,934 shares of the financial services provider's stock after selling 106,500 shares during the period.

The 50-share NSE Nifty rose 71.10 points or 0.70 percent to 10,167.50, after hitting a fresh record high of 10,191.90 intraday. The direction change from the time markets took a breather at the end of September till today has been driven by better macro data for India as Industrial production has hit a four-month high along with a slightly softer inflation figures. Market players said the reading sparked hopes of an economic recovery and of a less hawkish stance from the central bank.

The Sensex touched a high of 32,325.15 points and a low of 32,247.74 points in the trade so far. The 30-scrip Sensitive Index (Sensex) was trading 142.91 points or 0.44 per cent higher during the early session.

The benchmark BSE Sensex gained 1.9% this week while the broader Nifty 50 added 1.9%. In intra-day trade, Nifty had also hit an all-time high of 10,167.45, thus consolidating the broader market above the 10,000-mark.

After market hours on Thursday, Tata Sons Ltd. and Bharti Airtel said that Tata will sell its consumer mobile business to Bharti Airtel on a debt-free, cash-free basis as part of the company's strategy to exit the business.

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