This Article is From Jul 30, 2018

Sensex Breaches 37,500 Level; Nifty At Fresh Lifetime High Of 11,318

Share Market on Monday: The top gainers in the 30-share Sensex pack were ICICI Bank, Bharti Airtel, State Bank of India, Axis Bank, and M&M.

Sensex Breaches 37,500 Level; Nifty At Fresh Lifetime High Of 11,318

Share Market on Monday: Thirty-two out of 50 Nifty stocks advanced in trade.

Highlights

  • Eleven stocks of the Nifty PSU Bank index traded with gains
  • BSE Midcap index was flat; BSE Small cap index traded 0.58% higher
  • RIL, ICICI Bank, SBI, ONGC, Vedanta contributed the most to Sensex gains
After swinging between gains and losses, the stock markets achieved new record highs by the afternoon session on Monday. The intraday highs of the Sensex and Nifty registered so far were 37,511.39 and 11,318.50. At 1:41 pm, the S&P BSE Sensex traded at 37,502.64, gaining 165.79 points or 0.44 per cent. This was the first time ever that the Sensex breached the 37,500 mark. Nifty topped 11,310 at 11,313.40, up 35.05 points or 0.31 per cent. In early morning trade, the Sensex had hit a record high of 37,496.80 and the Nifty of 11,309.35.

Here are 10 things to know about Monday's trading session:

  1. The top gainers in the 30-share Sensex pack were ICICI Bank (up 4.60 per cent), Bharti Airtel (up 4.38 per cent), State Bank of India (up 4.33 per cent), Axis Bank (up 2.67 per cent), and Mahindra and Mahindra (up 2.09 per cent).

  2. The five major gainers in the 50-share Nifty pack were ICICI Bank (up 4.64 per cent), Bharti Airtel (up 4.37 per cent), State Bank of India (up 4.29 per cent), Axis Bank (up 2.97 per cent), and Vedanta (up 2.41 per cent).

  3. Thirty-two out of 50 Nifty stocks advanced in trade.

  4. ICICI Bank, Reliance Industries, State Bank of India, Axis Bank, and Hindustan Unilever contributed the most to Sensex's gains. Reliance Industries on Friday reported a record net profit of Rs. 9,459 crore for the April-June period. ICICI Bank, on Friday, reported a surprise first-quarter net loss of Rs. 120 crore in the three months to June 30.

  5. The Nifty PSU Bank index traded with solid gains as it was up 4.66 per cent. All sectoral indices barring the Nifty IT traded with gains.

  6. Asian share markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.

  7. Technology and energy shares led Japan's Nikkei down 0.7 per cent, while tech also featured in South Korea's 0.1 per cent decline, stated a report by news agency Reuters.

  8. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.05 per cent.

  9. On Friday, stock markets had posted record closing highs as the Sensex ended up 0.95 per cent at 37,336.85 after hitting a record high for a fourth straight session while NSE Nifty settled 0.99 per cent higher at 11,278.35 after hitting an all-time high of 11,283.40.

  10. According to provisional data from the National Stock Exchange, on Friday, foreign portfolio investors bought net equities worth Rs 738.05 crore while domestic institutional investors purchased net shares of Rs 406.12 crore. (With Reuters Inputs)