Saturday, 18 January, 2020

Weekly Review: Sensex, Nifty hit new peak during the week

BSE Sensex and NSE Nifty open higher BSE Sensex and NSE Nifty open higher
Christy Curtis | 23 July, 2017, 00:28

The company also gave out a guidance for the IT services' business, which was a bit of a disappointment.

Reliance Industries and Wipro traded on its new 52-week high of Rs 1,588.00 per share and Rs 290.90 per share, respectively.

The gauge had lost 50.95 points yesterday. BSE Sensex gained over 100 points to close above 32,000 while NSE Nifty rose over 40 points to settle above 9,900.

The wider Nifty of the National Stock Exchange (NSE) fell by 26.30 points, or 0.27 per cent to provisionally close at 9,873.30 points (at 3.30 p.m.).

Mumbai: Benchmark Nifty rose 42 points today to end above the key 9,900-level on buying in IT, energy and banking counters.

YouTube to redirect "terror" searches
Google says it will measure success based on the amount of engagement the debunking videos get from the Redirect Method . While superficially commendable, the Redirect Method does raise the specter of intervention and censorship.

"Shares of Wipro, India's third largest IT firm, traded higher by 7.06 per cent to Rs 288 after the company on Thursday posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for June quarter", Desai said.

Wipro said that it will buyback shares worth Rs 11,000 crore. Sector-wise, IT rose 2.10 per cent, followed by Energy (1.57 per cent), Media (1.06 per cent), Commodities (0.53 per cent), Private bank (0.35 per cent) and Metal (0.21 per cent).

However, the market breadth closed negative as about 1,425 shares declined against 1,254 advancing shares on the BSE. Shares of ICICI Bank (up 0.22%) recouped in the late afternoon and ended in green while Axis Bank closed 0.02% lower.

According to traders, a string of strong quarterly earnings, including from index heavyweight RIL, and progress of monsoon made the pitch conducive to more gains.

Bharti Airtel was among the worst hit by plunging 2.05 per cent. Bharti Airtel was among the worst hit by plunging 2.05 per cent. Idea Cellular and Reliance Communications slumped up to 3.32 per cent.

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