Sensex rises 100 points, Nifty above 10500, RCom shares gain over 30%

Sean Reid
December 31, 2017

The year has rewarded investors with a 28 per cent rise in the Sensex even as the market cap of all the listed companies on the BSE rose a whopping Rs 45 lakh crore to around Rs 1,51,73,867 crore.

"Ever since Gujarat elections, expectations are rising that the upcoming Budget would be rural focused and that is supporting the market sentiment in the near term".

At the close, the benchmark 30-share index, BSE Sensex lost 63.78 or 0.19% at 33,848.03 with 16 components registering drop.

It surpassed its previous closing high of 34,010.61 reached on December 26. Meanwhile, the broad based NSE Nifty fell by 12.85 or 0.12% at 10,477.90 with 29 components registering drop. The Sensex advanced by 116.53 points, or 0.34%, while the Nifty gained 37.70 points, or 0.35%, during the period.

Indian shares closed higher for the fourth straight session on Tuesday, led by.

Infratel (+2.4%), Asian Paints (+2%), TCS (+1.7%), Tata Motors (+1.6%) and Axis Bank (+1.5%) were the top gainers on Nifty50.

Sector-wise, the rally was driven by telecom (up 1.63 per cent), power (1.46 per cent), teck (1.24 per cent), IT (1.20 per cent), auto (1.16 per cent), FMCG (0.85 per cent), consumer durables (0.85 per cent), infrastructure (0.83 per cent), capital goods (0.51 per cent), realty (0.46 per cent), bankex (0.36 per cent) and healthcare (0.18 per cent).

The BSE mid-cap and small-cap indices ended higher by 0.74%and 0.64%, respectively.

Today, the start of the last trading session of the calendar year, is likely to be mildly in the red. Japan's Nikkei 225 has edged up 58 points, Hong Kong's Hang Seng has gained 54 points and China's Shanghai Composite has added 5 points. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.

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