Sensex, Nifty hit lifetime high; Infy stock flat ahead of Q3

European Shares To Open Higher Despite Slumping Dollar

European Shares To Open Higher Despite Slumping Dollar

The NSE Nifty opened higher at 10,682.55 and moved in a range of 10,690.40 and 10,597.10 before ending at 10,681.25, up 30.05 points, or 0.28 per cent.

Infosys gained 0.5 per cent ahead of its Q3 earnings.

The benchmark BSE Sensex rose 0.3% to 34,592.39 on Friday and the Nifty 50 Index climbed 0.3% to 10,681.25, boosted by the overnight rally on the Wall Street.

For the week, the NSE index added 1.2 per cent, while the BSE index advanced 1.3 per cent.

Globally, Asian stocks closed mostly higher after oil prices rallied overnight and China dismissed media reports that officials have recommended slowing or halting purchases of US debt.

A firm trend in the Asian region influenced the market sentiment, a broker said as quoted by PTI.

On Thursday, the equity indices closed with modest gains with healthy buying in IT, Teck and realty stocks.

Vinod Nair, Head of Research, Geojit Financial Services, said: "The market reversed from intra-day low amid concerns over administration of the apex court which had resulted in a sentimental sell-off".

Among the secondary indices, the S&P BSE Mid-Cap index rose 0.41%.

The government will also announce today, 12 January 2018, inflation data based on consumer price index (CPI) for December 2017.

Major gainers were ICICI Bank 1.26 percent, Maruti 1.25 percent, Reliance 1.16 percent, L&T 0.69 percent and HDFC 0.58 percent.

Sectorwise, the S&P BSE banking index rose by 145.58 points, followed by oil and gas index by 112.02 points and capital goods index by 95.84 points.

UPL (-1.3%), TCS (-1.2%), Sun Pharma (-0.38%), BPCL (-0.31%), Power Grid (-0.30%) were the top losers in today's trade.

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