MARKETS LIVE: Sensex opens at fresh high, Nifty hits 10,700; Infy down 1%

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SI Reporter  |  New Delhi 

Stock markets

Benchmark indices are open higher following Asian shares, that hit historic highs on Monday after Wall Street extended its record-breaking run, while the US dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

Back home, Information technology giant Infosys on Friday said its net profit for the quarter ended December 2017 rose 38% sequentially to Rs 51.29 billion as against Rs 37.26 billion in previous quarter.

On sequential terms, revenue rose 1.3% to Rs 177.94 billion as compared to Rs 175.67 billion in September quarter.

Meanwhile, India’s retail inflation hit a fresh high, growing 5.2% in December, mainly due to hardening housing, fuel and food prices, while inching towards RBI’s upper tolerance level of inflation at 6%.

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9:37 AM Earnings impact: Infosys

9:30 AM Sectoral Trends


9:27 AM Top Sensex gainers and losers



9:21 AM Markets at Open

Indices open at new highs with Nifty hitting 10,700 for the first time ever following positive global cues. At 9:17 am, the S&P BSE Sensex was trading at 34,777 up 185 points while the broader Nifty50 index was ruling at 10,727, up 46 points

9:12 AM

Technical calls by Prabhudas Lilladher
 
BUY BHEL
CMP: Rs 102.70
TARGET: Rs 115
STOP LOSS: Rs 95
 
The stock has given a good run after making the bottom at around 88 levels and currently has given a breakout above the previous peak of 101.50 level to signify strength and potential to rally further upward in the coming days. The RSI has been on the rise indicating a strong positive bias so also the MACD which is in a positive trend. With consistent volume participation seen, we recommend a buy in this stock for an upside target of 115 keeping a stop loss of 95.

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9:11 AM

Nifty outlook by Prabhudas Lilladher
 
Nifty continues to make new high with trend of all periodicities up & indicators supporting the view, view still continues to be positive with Nifty having its near term support at 10,550. However, the support for the week is seen at 10,500 while resistance is seen at 10,830.
First Published: Mon, January 15 2018. 09:17 IST

MARKETS LIVE: Sensex opens at fresh high, Nifty hits 10,700; Infy down 1%

Catch all live market action here

Catch all live market action here
Benchmark indices are open higher following Asian shares, that hit historic highs on Monday after Wall Street extended its record-breaking run, while the US dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

Back home, Information technology giant Infosys on Friday said its net profit for the quarter ended December 2017 rose 38% sequentially to Rs 51.29 billion as against Rs 37.26 billion in previous quarter.

On sequential terms, revenue rose 1.3% to Rs 177.94 billion as compared to Rs 175.67 billion in September quarter.

Meanwhile, India’s retail inflation hit a fresh high, growing 5.2% in December, mainly due to hardening housing, fuel and food prices, while inching towards RBI’s upper tolerance level of inflation at 6%.
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