Sensex jumps 272 33 points to hit fresh record high

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Mumbai, July 10 : The benchmark index of Bombay Stock Exchange (BSE) on Thursday hit a new record high, rising by 272.33 points to trade at 36,538.26.
The 50-share of National Stock Exchange (NSE) too advanced by 93.50 points to 11,041.80.

Oil stocks were in demand. Among shares of oil exploration and production (E&P) companies, Reliance Industries (up 2.28%), ONGC (up 1.01%) and Oil India (up 0.81%) edged higher.

Among PSU OMCs, shares of HPCL (up 3.92%), Indian Oil Corporation (up 3.03%) and BPCL (up 3.21%) edged higher as crude oil futures finished sharply lower Wednesday, 11 July 2018.

TCS surged by 5.47 per cent to its lifetime high of Rs 1,979.60, the top gainer after the company yesterday posted a 23.4 per cent rise in consolidated net profit for the June quarter.

The better-than-expected numbers buoyed sentiment for the entire IT pack, with the BSE IT index gaining 2.38 per cent, outpacing its sectoral peers by a wide margin.

The BSE mid-cap and small-cap indices ended in the red, losing 0.67 per cent and 0.33 per cent, respectively.

The gainers were Yes Bank by 2.60 pc to Rs 381, SBI by 1.95 pc to Rs 263.95, Tata Steel by 1.74 pc to Rs 565.50 and L & T by 1.49 pc to Rs 1294.

The losers were Infosys by 1.56 pc to Rs 1299.70, M & M by 0.97 pc to Rs 921.55, ITC by 0.69 pc to Rs 273.75 and Wipro by 0.26 pc to Rs 272.15.

In other Asian markets, Japan’s Nikkei ended 1.19 per cent lower, Singapore fell 0.79 per cent and Shanghai Composite Index lost 1.76 per cent.

(UNI)