Markets

News Details

( 12 Jun 2018)
Sensex up nearly 150 pts, Nifty at 10,820 post Trump-Kim talks;

The broader indices are trading on a positive note this Tuesday afternoon following the US-North Korea summit in Singapore which ended on a positive note.

United States President Donald Trump on Tuesday said his one-on-one meeting with North Korean leader Kim Jong-un was "very, very good" and they have an "excellent relationship", according to media reports.

In global markets, dollar jumped to a 3-week top on Tuesday while Asian shares started the day cautiously. Japan's Nikkei climbed 0.8 per cent to the highest in three weeks and South Korean shares added 0.1 per cent. That left MSCI’s broadest index of Asia-Pacific shares outside Japan a touch softer at 573.31.

Back home, investors will await domestic macro data like IIP and CPI, due later in the day today. India’s retail inflation jumped further in May to a four-month high, primarily driven by a surge in energy prices, suggesting more policy tightening from the central bank is coming.

At 13:05 hours, BSE SENSEX was at 35625.97 up by 142.5 points or by 0.4 % and NSE Nifty was at 10820.25 up by 33.3 points or by 0.31 %.

The BSE Sensex touched intraday high of 35725.58 and intraday low of 35479.07. The NSE Nifty touched intraday high of 10855.9 and intraday low of 10789.4.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2184.95,+4.97%), State Bank of India (Rs. 279.05,+1.97%), IndusInd Bank Ltd. (Rs. 1929.45,+1.31%), Tata Consultancy Services Ltd. (Rs. 1773.20,+1.29%), Sun Pharmaceutical Industries Ltd. (Rs. 541.50,+1.21%), among others.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 581.50,-1.23%), Coal India Ltd. (Rs. 284.55,-1.13%), Bharti Airtel Ltd. (Rs. 385.25,-0.90%), Power Grid Corporation of India Ltd. (Rs. 194.80,-0.66%), YES Bank Ltd. (Rs. 333.95,-0.52%), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2709, shares advanced were 1363 while 1200 shares declined and 146 were unchanged.