MARKETS LIVE: Nifty hits 11,000 for first time ever, Sensex at 36000

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SI Reporter  |  New Delhi 

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India's Bull market has entered final lap, says Ambit Capital   The Indian market has been adding to last year’s stellar gains but the frenzy may not last long, said Ambit Capital in a report titled Here comes the final frenzy.   The domestic brokerage has spotted three tell-tale signs that signal an end to the rally. CLICK HERE FOR FULL STORY   How MFs' top investment bets in December did so far in January   In December, mutual funds deployed considerably larger amount in 10 stocks amid a gush of liquidity. It has been a mixed bag for fund managers as some of these stocks have done exceedingly well while some have unperformed the market.   The stocks that gained the most among top picks include TCS and L&T. However, fund managers could not be such good sellers when it comes to top few sell calls. READ MORE   Top sectoral gainer: Nifty metal Sectoral Trend Sensex Top gainers and losers Broader markets In broader markets, BSE Midcap andBSE Smallcap indices were up 0.6% and 0.4% respectively

Markets open on a positive note tracking global cues. Asian stocks advanced on Tuesday after US senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs and keeping the dollar well supported.

US lawmakers passed a short-term measure on Monday to fund the federal government through February 8. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% to a fresh record peak. At 7am Indian time, the SGX Nifty was trading at 11,002 levels, up 0.3% over its previous close.

In other news, the International Monetary Fund (IMF) and the World Bank have pegged India’s growth in FY18 to be around 6.7%, which is a tad higher than the 6.5% projected earlier. (With wire inputs)

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First Published: Tue, January 23 2018. 09:29 IST

MARKETS LIVE: Nifty hits 11,000 for first time ever, Sensex at 36000

Catch all the market action here

Catch all the market action here
Markets open on a positive note tracking global cues. Asian stocks advanced on Tuesday after US senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs and keeping the dollar well supported.

US lawmakers passed a short-term measure on Monday to fund the federal government through February 8. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% to a fresh record peak. At 7am Indian time, the SGX Nifty was trading at 11,002 levels, up 0.3% over its previous close.

In other news, the International Monetary Fund (IMF) and the World Bank have pegged India’s growth in FY18 to be around 6.7%, which is a tad higher than the 6.5% projected earlier.


(With wire inputs)
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