Market ends at record highs; Airtel, ICICI Bank top gainers : Bulletin: Business Today
Business Today

Market ends at record highs; Airtel, ICICI Bank top gainers

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July 30, 2018

Market benchmark BSE Sensex rose by 157 points to close at new life-time high of 37,494.40, continuing its record setting spree for the sixth session driven by gains in index majors such as Reliance Industries and Bharti Airtel.

The broader NSE Nifty settled up 41.20 points, or 0.37 per cent, at a fresh record high of 11,319.55, bettering its previous all-time of 11,278.35 hit on Friday following better-than-expected earnings by corporates.

While the Sensex touched 37,533, a fresh intra day high level, the Nifty breached the 11,300 level for the first time ever to reach an intra day high of 11,328.

Shares of Reliance Industries rose 1.78 per cent to close at record Rs 1,149.70.

Banking rally was led by Bank of Baroda whose stock hit a fresh 17-week high level of 152.70 after the public sector lender reported a more than two fold rise in Q1 net profit to Rs 528.26 crore. The stock closed 9.92% or 13 points higher at 151.75 on the BSE. Banking stocks led the rally with the BSE bankex rising to 31177 level intra day.

Top Sensex gainers were Bharti Airtel, ICICI Bank, SBI, Axis Bank, Mahindra and Mahindra, Vedanta and HUL.

Top Sensex losers were Infosys, HDFC Bank and L&T.

The index closed 401 points or 1.30% higher at 31144 level.

Bank Nifty too rose 0.75% or 208 points to 27,842 level. It hit a high of 27,873 intra day.

Market breadth was positive with 1615 stocks closing higher compared with 1038 stocks falling on the BSE. 193 stocks were unchanged.
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