Sensex scales new high; signs off 2017 with 28% gains

31 December, 2017, 06:40 | Author: Luis Fowler
  • Nifty reclaims 10500, Sensex up 40 points in opening trade

The Sensex rose 0.62 percent to end the year at 34,056.83, while the Nifty ended 0.5 percent higher at 10,530.70.

Power, IT, auto and infrastructure stocks witnessed robust buying, while the beginning of January 2018 series of futures and options also added to the momentum. This has been a remarkable year for Indian markets, " said Sameet Chavan of Angel Broking. Sensex rose by 7,430.37 points in 2017, which is 27.91 points.

IT index gained over 1% after remaining subdued for the last one month, with KPIT and Tata Elxsi gaining 4% and 3%, respectively, in the evening trade.

Back home, markets began the day on a flat note and traded in a narrow band for the first half of the trading session. "Expectation of a pick up in third quarter earnings and strengthening of rupee supported the sentiment", said Vinod Nair, Head of Research, Geojit Financial Services.

The broader NSE index was up 0.34 per cent at 10,513.50 as of 0737 GMT, while the benchmark BSE index was 0.44 per cent higher at 33,998.31. It surpassed its previous closing high of 34,010.61 reached December 26.

More news: Swatting suspect arrested in Los Angeles

Nifty closed at 10,530.70 points, up 0.5%, while Sensex gained 0.62% to close at 34,056.83 points today.

Shares of Reliance Communications continued their rally for the fourth straight session Friday, ending 17 per cent higher after Mukesh Ambani stepped in to bail out the debt-ridden firm by acquiring spectrum, tower, optical fibre network and other assets.

Infratel (+2.4%), Asian Paints (+2%), TCS (+1.7%), Tata Motors (+1.6%) and Axis Bank (+1.5%) were the top gainers on Nifty50.

Aarti Industries announced that they have signed a Rs10,000cr multi-year exclusive supply contract with a leading global chemical conglomerate. Hong Kong's Hang Seng rose 0.19 per cent while Shanghai Composite gained 0.33%.

Recommended:

  • Crude oil settles above $60 for first time since June 2015

    Crude oil settles above $60 for first time since June 2015

    Brent futures also rose, up 1.2% to $66.92/bbl after breaking through $67 earlier this week for the first time since May 2015. X China issued import quotas for 2018 that traders believe could result in record-high purchases, according a Reuters .
    Apple to Offer $29 iPhone Battery Replacement Amid Controversy

    Apple to Offer $29 iPhone Battery Replacement Amid Controversy

    That produced backlash headlines like this one: It's not just you: Apple really is intentionally slowing down older iPhones . A report today from Reuters takes a look at Apple's broadening iPhone lineup and some of the benefits of its new strategy.
    Powerball, Mega Millions now totaling $700M

    Powerball, Mega Millions now totaling $700M

    The winning numbers for Wednesday's Powerball for the grand prize of $337 million are 3, 9, 16, 56, 60 and the Powerball is 3. Tickets are $2, and sales time cut-offs vary by state but are usually one to two hours before the drawing.
  • Trump fires all members of HIV/AIDS council without explanation

    Trump fires all members of HIV/AIDS council without explanation

    Neither statement includes a explicit mention of LGBT people, who are considered to have face the brunt of the disease. Mr Maldonado said the members, many of whom were Obama-era appointees, were given no reason for their dismissal.
    Date horror story: Woman rips pricey Andy Warhol artwork from walls

    Date horror story: Woman rips pricey Andy Warhol artwork from walls

    That's when she allegedly poured red wine on his paintings and ripped them off the wall, then threw his sculptures on the ground. He made headlines the same year for parking a tank outside of his home , causing a brief fight with his homeowner's association.
    Erica Garner, Activist Daughter of Chokehold Victim, Brain Dead

    Erica Garner, Activist Daughter of Chokehold Victim, Brain Dead

    His daughter became an activist after his death, even appearing in a campaign ad for then-presidential candidate Bernie Sanders. Garner's condition was announced from her Twitter account. "I'm speaking out, me being his daughter", she said in the ad.
  • Victims of Troy quadruple homicide identified

    Victims of Troy quadruple homicide identified

    Police have not provided much information on what happened to Smith's relatives, but believe the killings were targeted. Symes said her sister was a sweet, good-natured woman who loved to cook for family gatherings.
    Gunman is dead after multiple people are shot at Southern California business

    Gunman is dead after multiple people are shot at Southern California business

    The LA Times while quoting the Long Beach police said that they responded to the location amid reporters of a shooter at large. Police are now investigating a shooting at a business in Bixby Knolls that left multiple people injured.
    Children From Neosho Killed In Crash In Newton County

    Children From Neosho Killed In Crash In Newton County

    The patrol's Critical Highway Accident Response Team or CHART for short is also responding to investigate what happened. An ABC11 crew at the scene said there were "possible injuries" in a head-on crash between two passenger vehicles.
  • Court upholds $135K fine against Sweet Cakes owners

    Court upholds $135K fine against Sweet Cakes owners

    What does the lesbian couple have to say about the latest decision? It does not matter how you were born or who you love. Their kids, too, have been impacted by the negative publicity. "We've tried to protect them as much as possible".
    Justin Bieber Stands By Selena Gomez During Family Problems

    Justin Bieber Stands By Selena Gomez During Family Problems

    As for her relationship with Justin Bieber , it seems that her family issues do not have anything to do with their reconciliation. Despite Selena going through rough patch within her family, Justin wants to remain a source of support for the songstress.
    Nintendo Delays The Drop For 64-Gigabyte Switch Game Cards Til 2019

    Nintendo Delays The Drop For 64-Gigabyte Switch Game Cards Til 2019

    The current maximum amount the Switch game cards can now hold is 32GB, less than the 50GB Blu-ray discs used in other consoles. The standard Nintendo Switch comes with 32GB of internal storage space - before a microSD card slot is added on.


Popular

Pence neighbors in Aspen hang 'Make America Gay Again' banner
The Pitkin County Sheriff, Joe DiSalvo , said the area had a "history of irreverrance", The Times reported . Aspen is a community that strongly supported Hillary Clinton in her 2016 presidential bid.

Dangerously cold wind chills
Frostbite can occur quickly and even hypothermia or death if precautions are not taken, the weather service said. Decreasing cloud cover, becoming partly cloudy will allow for additional cooling, with lows 5 to 15 below zero.

Penn State, Barkley bowl over Washington in Fiesta
Myles Gaskin is an absolute stud and Jake Browning has loads of experience after starting as a freshman two years ago. He's topped 1,000 yards in each of his first three seasons in Seattle.

Women at the forefront of protests in cities across the country
Some social media videos showed demonstrators chanting "Death to Rouhani" and "Death to the dictator". In Qom, a fearless young woman confronted the security forces and protested beating of youths.

Wade Davis Agrees To Terms With Rockies
Davis didn't earn quite as much on the open market as closers like Aroldis Chapman and Kenley Jansen did previous year . Holland made $15 million this year , but he did not exercise the $15 million player option after the 2017 season.

Gunmen kill nine in church near Cairo
The ISIL Takfiri group's affiliate in Egypt has killed dozens of Christians in church bombings and shootings over the past year. A bomb explodes in a Coptic Christian church in Alexandria as worshippers depart a midnight mass, killing more than 20 people.

Facebook denies linking Aadhaar with user account, clears rumours in blog post
Social network giant Facebook now wants users to use their names as listed in their Aadhaar cards while creating new accounts . Also, this is not a far-fetched conclusion to say that Facebook can use Aadhaar verification to get rid of fake profiles.

Roy Moore files last-minute lawsuit challenging Alabama result
CNN reached out to the Alabama Secretary of State's office for comment on whether Moore's filing would affect the process. He takes over the seat previously held by Attorney General Jeff Sessions, and his term expires in January 2021.

LG&E, KU to aid in Puerto Rico power restoration
Now, more than three months after Hurricane Maria , about half of the island's 3.3 million people are still without power. The crew was sent to Virginia Tuesday, where they'll be loaded onto a barge and transported to the US territory.

NO TOKE! More pregnant California moms smoking pot
Use among women between the ages of 18 and 25 almost doubled during that time, from 9.8 percent in 2009 to 19 percent in 2016. Researchers observed a sample of pregnant women in California and saw a 3-percent increase in use form 2009 through 2016.