Sensex, Nifty Continue to Scale New Highs | CORPORATE ETHOS

Sensex, Nifty Continue to Scale New Highs

By: | January 15, 2018

Jan 15: The bench mark Indian stock indices continued to scale record highs on Monday a trend seen from last week as macro-economic factors, budget expectations and global cues continue to support positive market sentiment.

Nifty rose to an all-time high of 10782.65 while Sensex rose to an all time high of 34963.69. Top Nifty gainers were Hathway Cable Rs 46.90 (15.95%), Merck 1523 (8.31%), Den Networks 143.15 (7.69%), Mahanagar Telephone 29.,15 (7.17%), Gujarat Alkalies 899 (6.82%), Welspun Corp 180.85 (6.54%), HDFC 1864 (5.83%).

Large cap stocks gained most with Nifty gains of 0.62% and market capitalisation of all the stocks combined have increased.

Among the positive factors that helped the market include good Q3 numbers from Infosys, TCS and other leading companies, robust industrial production data, uptrend in global markets with China’s blue chip stocks climbing to 30-month high and Hong Kong Shares hitting 10-year high.