Contact Your Financial Adviser Money Making MC
27 Aug 2018
The
major indices of the Indian stock markets rallied on Monday and closed with
gains over last Friday’s close. On the NSE, there were 986 advances, 825
declines and 94 unchanged. The trends of the major indices in the course of
Monday’s trading are given in the table below: The Total Investment & Insurance Solutions
The
key Indian equity indices -- S&P BSE Sensex and the NSE Nifty50 -- crossed
the psychological marks of 36,700 points and 11,700 points for the first time
today before closing the day just below the landmark levels.
Supported
by firm global cues, the Sensex and the Nifty 50 touched their all-time high
levels of 38,736.88 points and 11,700.95 points, respectively and settled at
record closing levels. The Total Investment
& Insurance Solutions
Healthy
buying was witnessed in banking, consumer durables and IT stocks. The S&P
BSE banking index surged around 530 points during the day.
A
major deadline in the process of resolving the country's most pressing
corporate and banking problem of non-performing assets (NPAs), or bad loans
ended on Monday. The Reserve Bank of India (RBI) had set this six-month
timeframe for finalising resolution plans for around 70 large stressed accounts
in banks that are worth over Rs3.8 lakh crore.
The
top gainers on the Sensex were Bharti Airtel, Power Grid, ICICI Bank, State
Bank of India, and Infosys, while Sun Pharma was the only loser during the
day.
The
top gainers and top losers of the major indices are given in the table below:
Asian
shares were also higher, boosted by record Wall Street highs past week that
followed reassuring comments from the US Federal Reserve Chair, and as stock
markets in China gained after the country’s central bank tweaked its management
of the yuan. The Total Investment & Insurance
Solutions
The
closing values of the major Asian indices are given in the table below:
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Major Indices (The Total Investment
& Insurance Solutions)
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