Published: Mon, July 17, 2017
Global News | By Stacy Ballard

Nifty closes above 9900 for first time, Sensex hits fresh lifetime high

Nifty closes above 9900 for first time, Sensex hits fresh lifetime high

Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about the pace of further policy tightening. Indian stock market also drew support from positive Asian markets.

Wipro was up by 3.53 per cent in BSE Sensex while shares of Infosys were up 1.59 per cent. The Sensex started on a high note before trading at 32,131.92 at 1100 hours, up 111.17 points, or 0.34 per cent.

Messaging app Telegram to block terror channels
It is believed the app has been used to coordinate several terrorist attacks, including in Indonesia, in the last few years. The Berlin-based app uses two layers of encryption, and claims to be faster and more secure than other messaging services.

The S&P BSE Sensex gained 0.17 percent to 32,074 while the broader NSE Nifty advanced 0.30 percent to 9,915. The benchmark index Nifty settled above the 9,900-mark. During the day, they had gone up by 5.54 per cent to Rs 273.90.

ITC (down around 2 per cent) was among the top Nifty50 losers.

UDP to support NDA's Kovind
Members of Parliament line up to cast their votes for; MLAs queue up at Madhya Pradesh Legislative Assembly to cast their votes. Another senior BJP minister said he has been assigned to pitch for votes from other parties and he is confident of managing it.

Looking at Q1 results, Jubilant FoodWorks (up 9.31 per cent), which operates Dominos Pizza and Dunkin Donuts chains in India, today reported 25.53 per cent jump in standalone net profit at Rs 23.84 crore for the first quarter ended June 30.

Meanwhile, Fortis Healthcare Ltd and Religare Enterprises Ltd fell as much as 12.8 percent and 8.9 percent, respectively after India Ratings and Research downgraded some non-convertible debentures (NCDs) and loans held by RHC Holding Pvt Ltd, which owns shares in Fortis and Religare, to default levels of "IND D" and "IND C".

Macron calls for renewed Israeli-Palestinian peace talks at Holocaust service
He said: "I share Israel's concerns about Hezbollah's activity in south Lebanon and about the arms the group has". Two leaders also discussed fighting extremism in Syria and elsewhere, and improving economic cooperation.

As per details on the BSE website, shares of Wipro were up by 3.55 per cent, Vedanta were up by 2.25 per cent and Mahindra & Mahindra were up 1.79 per cent.

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