Markets set new records on earnings optimism, liquidity

The Bombay Stock Exchange logo is seen at the BSE building in Mumbai

The Bombay Stock Exchange logo is seen at the BSE building in Mumbai

The broader Nifty, after scaling an all-time high (intra-day) of 10,690.40 points, finished at 10,681.25, up 30.05 points, or 0.28%.

While the 30-share BSE Sensex soared 135 points to a new all-time high of 34,638.42, the broader 50-share NSE Nifty was at an all-time high of 10,690.25. Reliance Industries gained 1.5 percent, while Indian Oil Corp Ltd rose 0.8 percent. In an unprecedented move, Justice Chelameswar and three other senior judges today held a press conference on various issues relating to the apex court judiciary. This came even as TCS posted disappointing December quarter earnings.

Foreign portfolio investors (FPIs) sold shares worth Rs 623.63 crore on net basis while domestic institutional investors (DIIs) bought equities to the tune of Rs 770.02 crore yesterday, provisional data showed.

Currently Undervalued Or Overvalued? - Universal Health Services, Inc. (UHS), BioTelemetry, Inc. (BEAT)
NCM Capital Advisers Inc.'s holdings in Universal Health Services were worth $782,000 as of its most recent filing with the SEC. Sequoia Financial Advisors LLC raised its stake in shares of Universal Health Services by 0.6% in the second quarter. (NYSE:T).

Despite opening on a positive note, the stock failed to hold on the momentum and lost 1.59 per cent to Rs 2,744 as the trade progressed on BSE. China reported trade data for December with exports moving up 10.9 per cent and imports rising 4.5 per cent.

What pushed the markets further were global cues as all three major USA indices finished solidly higher at records on Thursday.

Newsletter has been successfully subscribed.

Latest News