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Nifty hits record high, Sensex gains 1%; Infra, banks rally

Aug 18, 2014, 01.17 PM IST | Source: Moneycontrol.com

Oil stocks like HPCL, BPCL and IOC are up as Oil prices eased in Asian trade today, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns for a full-scale military conflict.

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Nifty hits record high, Sensex gains 1%; Infra, banks rally

Oil stocks like HPCL, BPCL and IOC are up as Oil prices eased in Asian trade today, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns for a full-scale military conflict.

12:01

The News International Team

12:50 pm Market check: The Nifty hits at record high, up 50.55 points or 0.6 percent at 7842.25. The Nifty crosses previous high of 7840.95 hit on July 25. The Sensex gains 172.89 points or 0.6 percent at 26276.12. About 1747 shares have advanced, 895 shares declined, and 103 shares are unchanged. 

Capital Goods index jumped over 2 percent while auto and banks supported the rally. Only IT and FMCG indices are in red. Even midcap and smallcaps are flexing muscles with oever 1 percent gains each.

Don’t miss: Market in consolidation phase, bullish on FMCG: Nilesh Shah

Gains continued for the 5th straight session with the Nifty trading close to all time high. The Nifty is up 27.80 points at 7819.50. The Sensex is up 98.66 points at 26201.89. About 1650 shares have advanced, 848 shares declined, and 95 shares are unchanged.

Tata Power, Tata Motors, Cipla, Axis Bank and L&T are top gainers in the Sensex. The laggards include ITC, Infosys, HDFC, Hero and M&M.

Oil stocks like HPCL, BPCL and IOC are up as Oil prices eased in Asian trade today, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns for a full-scale military conflict.

Globally markets are nervous on renewed geo-political concerns in Russia and Ukraine.

Gold prices fell 0.82 percent to Rs 28,420 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators. Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as the outlook for an improving US economy outweighed tension in Ukraine, weighed on gold prices at futures trade.

11:22

Sensex, Nifty firm; banks, infra, auto stocks zoom

Tata Motors and Tata Power are up 3 percent each while BHEL, Cipla and Bharti Airtel are top gainers in the Sensex. ITC, Infosys, HDFC, TCS and M&M are major losers.

Read More »

10:11

Nifty holds 7800; Tata Power up 3%, ITC & Infosys dragRead More »

Tata Power is up 3 percent, followed by Tata Motors, BHEL, Cipla and Bharti Airtel. Among the laggards are ITC, Infosys, HDFC, TCS and Wipro.

Read More »

09:13

Sensex, Nifty flat; Cipla & Bharti fall, Tata Motors gainRead More »

Tata Power, ONGC, HUL, Tata Motors and Dr Reddy’s Labs are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Cipla, Coal India and Bharti Airtel.

Read More »

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