Stalwarts propel indices - News Summed Up

Stalwarts propel indices


Our Special CorrespondentMumbai: Key stock indices continued with their record-breaking run on Monday, following brisk buying in heavyweights such as TCS, Reliance Industries and ONGC. While the Nifty 50 came close to the 11000-mark, ending at 10966.20, the BSE Sensex jumped nearly 287 points to finish at 35798.01, all-time closing highs for both the indices. According to market mavens, the current stock market rally is fuelled by good quarterly numbers, recent cut in GST rates for some products and abundant liquidity. The 30-share Sensex, after opening strong, continued its momentum to hit a record high of 35827.70. The NSE Nifty hit a record intra-day high of 10975.10, before finishing at 10966.20, up 71.50 points, or 0.66 per cent.


Source: The Telegraph January 22, 2018 19:07 UTC


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