Sensex soars 355 points; TECk, IT stocks rally

Rajalakshmi S Updated - January 11, 2018 at 01:23 PM.

BSE index touches fresh all-time high of 31,768.39

sensex

Domestic indices closed at their highest levels ever on Monday, tracking a rally in global markets, although trading was disrupted at the National Stock Exchange for most of the session after technical issues prevented dealers from seeing updated stock quotations.

Though trading on the NSE resumed at 12.30 pm, traders widely continued to report issues with updates in individual stock prices that persisted until a little after 2 pm local time.

The benchmark BSE index closed 355.01 points or 1.13 per cent higher at 31,715.64, while the broader NSE index ended 1.09 per cent up at 9,771.05.

Trading activities resumed at the National Stock Exchange (NSE) in the afternoon session after the system faced technical glitches in the morning that led to trade disruptions.

An exchange spokesperson said trading resumed at 12.30 pm and no problems are being faced.

Among BSE sectoral indices,TECk index was the star-performer and was up 2.95 per cent, followed by IT 2.92 per cent, PSU 1.74 per cent and metal 1.43 per cent. Only FMCG index was down 0.01 per cent.

Top five Sensex gainers were Bharti Airtel (+5.39%), TCS (+4.66%), Wipro (+4.64%), Coal India (+3.25%) and Lupin (+2.96%), while the major losers were M&M (-0.54%), ITC (-0.25%) and HUL (-0.2%).

Blue-chip TCS is scheduled to announce its quarterly results on July 13.

Asian shares

Asian stocks rallied , lifted by Wall Street's strong performance on Friday, while the US dollar extended gains made after much stronger than expected June employment data.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.55 per cent, while Japan's Nikkei rose 0.7 per cent.

Australian stocks were up 0.6 per cent and South Korea's KOSPI added 0.4 per cent. Hong Kong's Hang Seng gained 1 per cent, though China's bluechip shares were flat.

US jobs growth

On Friday, Wall Street closed higher after US jobs growth beat forecasts. However, a lag in wage increases led investors to bet wage data would limit the extent of the Federal Reserve's hawkishness.

The Nasdaq led gains with a 1 per cent jump, while the S&P 500 added 0.6 percent and the Dow Jones Industrial Average rose 0.4 per cent.

Published on July 10, 2017 10:40