The Indian Stock Market entered in another bull phase. On Monday, July 10, 2017 BSE, NSE indices experienced record bull run despite a Technical snag at NSE.  
BSE Sensex surged by over 355 points to record a new closing high of 31,715.64 and NSE Nifty settled above the 9,700-mark for the first time. The first session of the day's trading was marred by chaos on NSE -- the country's biggest stock exchange -- as it struggled to keep the trading session going. Trading was disrupted after price quotations for individual stocks and indexes failed to update. Following this, officials announced stoppage of cash and F&O segment due to technical reasons. The bourse apologised for the glitch saying it was examining the matter to identify the cause of the outage. Finally, trading could only begin after 1230hrs. The market rally was driven by strong buying in teck, IT, PSU and healthcare counters after participants widened their bets ahead of Q1 earnings.

The 30-share BSE index resumed higher and remained in the positive terrain throughout the day and hit an all-time high of 31,768.39 (intra-day) before ending 355.01 points, or 1.13 per cent higher, its biggest single session gain since May 25, at new record closing of 31,715.64, surpassing its previous record high of 31,369.34 hit on July 6. It had also breached its intra-day-high of 31,522.87 points reached on June 22. The 50-share NSE Nifty also rose by 105.25 points, or 1.09 per cent, to 9,771.05, its record closing high, breaching its previous record high of 9,675.10 recorded on June 5. It also touched an all-time high of 9,782.20 (intra-day), surpassing 9,709.30 reached on June 6. Sustained buying by domestic institutional investors kept the momentum going in the markets today amid optimism over the upcoming earnings season. All eyes are now on TCS which will be among the first lot to post its earnings numbers on July 13.

Investor wealth hits $2 tn mark as stocks rally
Investor wealth touched the USD 2 trillion mark today as stock markets rallied, with BSE benchmark Sensex touching a record high of 31,768.39 points during the trading session. At the close of trade, the market capitalisation (m-cap) of all the BSE listed companies stood at Rs 1,29,60,905 crore (USD 2 trillion). There are over 5,200 companies listed on BSE, of which over 2,800 are traded actively. The total market valuation of all listed firms on BSE had first hit Rs 100 trillion level on November 28, 2014.
- From the 30-share BSE Sensex, 27 ended with gains led by Bharti Airtel, TCS and Wipro. Sector-wise, BSE teck index gained the most by rising 2.95 per cent, followed by IT index 2.92 per cent and PSU 1.74 per cent.
- RIL is the most valued Indian company with m-cap of Rs 4,85,279.93 crore, followed by TCS (Rs 4,67,248.89 cr), HDFC Bank (Rs 4,31,537.28 cr), ITC (Rs 4,04,970.91 cr) and HDFC (Rs 2,60,939.86 cr).


Popular posts from this blog