LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » World News

CORRECTED - Nifty hits record high, moves closer to 10,000 mark

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Jul 24, 2017
02:24 pm
Reuters

s analyst`s designation in paragraph five to head investment strategist, from vice president)

By Samantha Kareen Nair

The NSE Nifty rose to a record high on Monday, inching closer to the 10,000 mark, as market heavyweight Reliance Industries Ltd continued to surge on optimism about its outlook for the core business and telecom venture.

The broader Nifty rose as much as 0.54 percent to 9,968.95, surpassing the previous record set a week earlier, while the benchmark BSE Sensex climbed 0.67 percent to an all-time high of 32,242.78.

Reliance was the leading gainer, advancing as much as 2.5 percent to its highest since Jan. 15, 2008, after the oil-to-telecoms conglomerate posted better-than-expected earnings and unveiled a low-cost 4G-enabled phone last week.

But indexes could struggle to post stronger gains in the near term as analysts warned investors would likely enter a consolidation phase as more companies report earnings, including HDFC Bank Ltd later in the day.

"The process of consolidation is likely to continue. We will see more stock-specific moves coming through depending on how corporate results unfold," said Gaurang Shah, head investment strategist at Geojit Financial Services.

Among other gainers, Lupin Ltd rose as much as 2.8 percent after the U.S. health regulator cleared inspection of the company`s Goa facility with no adverse observations.

Bharti Airtel Ltd gained 1.5 percent, recovering from Friday`s 2 percent decline, as analysts said the impact from the unveiling of the JioPhone would not be as bad as initially feared.

Meanwhile, strong quarterly results helped lift stocks such as Vijaya Bank and Jammu and Kashmir Bank . Vijaya Bank rose over 2.5 percent while Jammu and Kashmir Bank gained 6.5 percent.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:

LATEST NEWS

Vi vs Jio vs Airtel: Check some of the best cheap prepaid recharge plans from for you | Full details here

Bharti Airtel vs Reliance Jio vs Vodafone Idea - check who is gaining market share across parameters

''See you at your trial'': Big decision looms for Kamala Harris on Trump impeachment trial

China was largest recipient of FDI in 2020 - Report

Kim Kardashian: ''I miss dressing up''

Joao Felix, Luis Suarez fire relentless Atletico Madrid to victory over Valencia

How actor Matthew McConaughey got over rom-com image trap

Bajaj Finance, HUL, Lupin, Nifty, Bank Nifty, VIX and some important Analytics II All Explained

Anil Singhvi’s Strategy January 25: Day support zone on Nifty is 14,275-14,350 & Bank Nifty is 30,900-31,000

HDFC Securities Budget Expectations highlights I From MNREGA, education to affordable housing, all you need to know

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved