Sensex scales new high; signs off 2017 with 28% gains

31 December, 2017, 04:24 | Author: Cassandra Gardner
  • Sensex ends 99 points lower; Nifty settles below 10500

The 10-year government bond (6.79% 2027) yield fell sharply by 1.58 percent or 11 basis points to 7.279 percent, from previous close.

The Sensex clocked its best performance in recent years in 2017, rising by 7,430.37, or 27.91 per cent year-on-year. Expectation of a pick up in third quarter earnings and strengthening of rupee supported the sentiment. This has been a remarkable year for Indian markets, " said Sameet Chavan of Angel Broking.

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Likewise, Petersen is reticent to bring up the 2007 Fiesta Bowl , when his Boise State team defeated Oklahoma 43-42 in overtime. The Huskies enter as the fifth best team in total defense (tops in the Pac-12), allowing just 277 yards per game .

"Focus on upcoming Union Budget and government's reforms will direct investors to turn sector/stock specific".

Tata Motrs, Bharti Infratel, Axis Bank, Tata Consultancy Services, Hero MotoCorp, HCL Technologies and Adani Ports emerged as the top gainers in the NIfty50 index, each gaining over 2 per cent. The benchmark had crossed the 34, 000 mark on December 26, riding on a rally of high closings the entire year. Reliance Industries, up 0.8 per cent, and Idea Cellular Ltd, up more than 3.5 per cent, extended gains for a second straight session.

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Reliance Communications (RCom) today rose as much as 23%, after Mukesh Ambani's Reliance Jio announced yesterday that it will acquire RCom's wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore.The stock, however, 17.48% up on the NSE.

Sector-wise, the rally was driven by telecom (up 1.63 percent), power (1.46 percent), teck (1.24 percent), IT (1.20 percent), auto (1.16 percent), FMCG (0.85 percent), consumer durables (0.85 percent), infrastructure (0.83 percent), capital goods (0.51 percent), realty (0.46 percent), bankex (0.36 percent) and healthcare (0.18 percent). Asian markets were firm, with MSCI's broadest index of Asia-Pacific shares outside Japan inching up 0.3 per cent.

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Williams believes the missed time also provided extra motivation for the Buccaneers quarterback. Their O/U trends are 0-5 in their last 5 home games, 1-5 in their last 6 games vs.

Today, the start of the last trading session of the calendar year, is likely to be mildly in the red. However, the returns are lower than Hang Seng, which has gained 33 per cent. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.

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