Yes Bank Shares Close 5% Higher To Become Biggest Sensex Gainer

The benchmark Sensex reclaimed the 34,000-mark by surging over 100 points in early trade on Friday

The benchmark BSE Sensex ended the session up 184.21 points or 0.54 percent at 34,153.85, while the broader Nifty index rose by 54.05 points or 0.51 percent to 10,558.85.

The 30-share Sensex spurted 205 points, or 0.60 per cent, to all-time high of 34,175.21 points, breaching its previous record high (intra-day) of 34,137.97 scaled on December 27.

Barring oil & gas and PSU, all other BSE sectoral indices ended in the positive zone.

However, auto and realty fell 0.20 per cent and 0.19 per cent, respectively.

Yes Bank (+2.7), Adani Ports (+2.2%), Vedanta (+1.7%), Tata Steel (+1.6%) and Eicher (+1.4%) were the top gainers on Nifty50. Private peers ICICI Bank, Yes Bank, IndusInd Bank, HDFC Bank and Kotak Bank too rose by up to 3.15 per cent.

Idea Cellular rose over 6 per cent, top gainer on BSE, after the telco unveiled a plan to raise Rs 6,750 crore ahead of its merger with Vodafone's local unit.

Domestic sentiment was also buoyed as the rupee appreciated to over 2-1/2 year high of 63.31 against the dollar (intraday).

Brokers said improved liquidity in the market following continuous foreign fund inflows and increased buying by domestic institutional investors after the government moved forward on its bank recapitalisation programme boosted trading sentiments.

The finance ministry yesterday sought Parliament's nod for extra expenditure of Rs 80,000 crore towards recapitalisation of bad loans-saddled public sector banks through bonds.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 96.31 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 269.20 crore on Wednesday, provisional data showed.

Overseas, Asian bourses displayed a strong trend, with Japan's Nikkei rising 0.89 per cent, Shanghai Composite gaining 0.18 per cent while Hong Kong's Hang Seng rose 0.25 per cent.

In 2017, together with most major stock markets globally, Indian equity markets saw strong gains coupled with record-low volatility.

It lost some ground on profit-booking, before finally ending 184.21 points, or 0.54 per cent higher at 34,153.85, smashing its previous record close of 34,056.83 reached on December 29 past year.

Please enter your email.

Related:

  • Katie Nolan comments that Trump is a 'stupid person' were 'inappropriate'

    Katie Nolan comments that Trump is a 'stupid person' were 'inappropriate'

    Now, another ESPN employee, Katie Nolan , could be in hot water for her comments regarding the president. ESPN issued revised guidelines on social media and political commentary late past year .
    United flight diverted to Alaska after man spreads feces in lavatories

    United flight diverted to Alaska after man spreads feces in lavatories

    The man, who also tried to stuff his shirt in the toilet, forced the flight crew to divert to Alaska so he could be removed. The reason? A passenger defecated all over two of the bathrooms of a Boeing 777, rendering them both useless.
    GDP growth seen at four-year low

    GDP growth seen at four-year low

    The CSO has primarily used seven-month data to extrapolate for the full fiscal. The GDP growth in the previous fiscal (FY 17) was at 7.1 per cent.
  • Powerball set to roll for $550 million

    Powerball set to roll for $550 million

    No one has hit the Mega Millions jackpot since October 13, 2017, while Powerball has not had a jackpot victor since October 25. Follow the drawing, MLive will publish an update in the morning that includes whether or not anyone won the jackpot.
    It is very cold in jail, Lalu tells judge

    It is very cold in jail, Lalu tells judge

    There were 34 accused in the case, out of which 11 died during the trial, while one turned CBI approver and admitted to the crime. Ranchi: Lalu Prasad Yadav may be facing a imprison term but that does not mean that he has mislaid his common sense.
    Monster Hunter World gets a final PS4 beta

    Monster Hunter World gets a final PS4 beta

    The fearsome beasts have even taken over the latest Monster Hunter: World trailer, because their presence must be made known. PS4 owners have one more beta before Monster Hunter: World hits consoles on January 26.
  • Meridian Sears store not on closure list

    Meridian Sears store not on closure list

    Another 64 Kmart stores will be closed this year, including Arroyo Grande, Cudahy, Ontario, Redding and Taft in California. After careful consideration, Macy's has chose to close the Novato Furniture store in mid to late March of 2018.

    It's Royal Baby Season-Another English Royal Is Pregnant!

    A Buckingham Palace spokesperson said that the Queen and the Royal family were were "very pleased" to hear the news. Zara and Mike's baby joy comes after they suffered a tragic miscarriage in late 2016.
    Letterman Nabs Obama as First Guest for New Netflix Show

    Letterman Nabs Obama as First Guest for New Netflix Show

    The first episode will premiere on Friday, January 12, 2018 with each subsequent episode streaming monthly from February to June. So we weren't surprised to learn last summer that David Letterman was putting together an original series for Netflix .
  • Season Two Debuts on FX in March as

    Season Two Debuts on FX in March as "Robbin' Season"

    FX officially announced that the acclaimed television series will be returning to the small screen on March 1st at 10 PM. It's no wonder that the release of the second season's premiere date was so highly anticipated.
    Pogba Skippers United As Lukaku Returns To Squad

    Pogba Skippers United As Lukaku Returns To Squad

    It wasn't Rashford's first inexplicable miss, with the 20-year-old heading against the post when it appeared easier to score. Lukaku played the ball into Lingard's path, and the attacking midfielder hit an unstoppable shot into the top-right corner.
    Weekend Weather Continues To Be Cool,Cloudy; Rain Forecast For Next Week

    Weekend Weather Continues To Be Cool,Cloudy; Rain Forecast For Next Week

    Sunday night: A slight chance of rain and snow before 10pm, then a slight chance of snow between 10pm and midnight. Rain is likely off and on Friday , according to the National Weather Service , with fog possible in the morning.

Comments

Other news