Sensex ends 150 points higher

Sensex ends 150 points higher

Sensex ends 150 points higher

The Dow industrials broke above the 25,000 level for the first time on Thursday and other major indexes hit closing record highs again, propelled by strong global economic data that extended the New Year's rally for the stock market.

The 30-share BSE index Sensex closed higher by 184.21 points or 0.54 per cent at 34,153.85, while the broader NSE index ended up by 54.05 points or 0.51 per cent at 10,558.85. Globally, in the Asian region, Japan's Nikkei rose 0.55 per cent, Hong Kong's Hang gained 0.18 per cent, while China's Shanghai Composite Index rose 0.23 per cent in their early deals. Market breadth was positive with 1417 stocks rising against 429 falling on the BSE.

The beginning of 2018 has brought cheers to the market as Sensex and Nifty on Friday touched a new record. It saw an intra-day movement of about 71.55 points. European markets opened higher.

The next in-line private banks, IDFC Bank, Yes Bank, Federal Bank spiked up on bourses on Friday, in a day when Nifty Private Bank index outperformed the benchmark indices. Metal stocks also rose with the Nifty Metal index adding as much as 1.7 per cent to hit a record high for a third straight session.

The rupee weakened by 8 paise to trade at 63.61 against the United States dollar in opening session today due to increased demand for the American currency from importers.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 212.05 crore, while Domestic Institutional Investors (DIIs) made purchases worth a Rs 325.24 crore yesterday, as per provisional exchange data.

40 stocks, out of total 50 of the Nifty50 index, were trading in the green, while 10 were in the red. "Investors now awaited December quarter earnings and upcoming Union Budget for further cues", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

The S&P BSE Mid-cap and small cap index ended up by 1%.

Yes bank shares jump almost 6% before closing at Rs 333, 5.03% higher on Friday.

The biggest losers were ONGC, SBI and ICICI Bank that posted losses to the tune of upto 1%.

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