Sensex closes above 34,000 marks for the first time

Dec 28 2017 01:50 PM
Sensex closes above 34,000 marks for the first time

In the stock markets of the country, the rally was recorded on Tuesday. The broader index of the Sensex rose by 70.31 points, to 34,010.61 points, and the Nifty 38.50 points higher at 10,531.50.

The 30-share index, based on the 30-share Sensex, rose by 40.46 points to end at 33,980.76, and climbed 70.31 points, or 0.21 percent, to 34,010.61 points. The

Sensex touched the day's high of 34,061.88 and level of 33889.75 in the day-to-day trade. The mid-cap and small-cap indices of the BSE were bullish. The BSE Mid-cap index closed 133.16 points higher at 17706.94 and Smallcap index was up 120.60 points at 19,111.80. 

On the National Stock Exchange (NSE), the 50-share Sensex index Nifty rose by 19.3 points to 10,512.30 and closed 38.50 points or 0.37 per cent to close at 10,531.50. Nifty touched the day's low of 10,545.45 and lower level of 10,477.95 in the daytime trade. 

“Market started off range bound as investors’ participation remained low due to holiday season while stock specific action in telecom, pharma, and metal towards the close raised the indices to a new high. Mid and small cap outperformed on the expectation of improvement in rural demand supported by continued government reforms,” said Vinod Nair, Head of Research, Geojit Financial Services.

All the 19 sectors of the BSE are getting bullish. In the fastest growing areas, telecommunications (2.28 percent), realty (1.51 percent), metal (1.23 percent), basic material (0.92 percent) and health services (0.86 percent)

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