Nifty 20 points below record close; Sensex ends at record high; Banks lead the rally

India Infoline News Service | Mumbai | June 19, 2017 15:47 IST

Nifty closed at 9655 levels up by 67 points and Sensex closed at 31311 level up by 255 points. Bank Nifty touched its all-time high of 23806 level.

NSE Building
Nifty closed at 9657 levels up by 69 points and Sensex closed at 31311 level up by 255 points. Bank Nifty touched its all-time high of 23806 level. Private bank stocks including Axis Bank, HDFC Bank and ICICI Bank pushed the index to record high level.
Broader market indices performed in line with the major indices but slipped in red zone at the closing bell. BSE Mid-cap index closed higher by 0.07% at 14817 level. BSE Small-cap index closed lower by 0.08 points at 15653 level. There were 715 advances, 943 declines and 307 unchanged stocks on NSE reflecting fairly negative bias floating in the market.
VA Tech Wabag hit a new 52-week high value of Rs 746.10 after the company informed about its expansion plan in Africa & Latin America. The stock closed at Rs 725.3 per share up by 1.7% on BSE.
The share price of DCIL touched high of Rs 752.4 per share higher by 8.9% on an intraday basis as the government is planning to divest all its stake in Dredging Corporation of India (DCIL) through auction, which could fetch about Rs 1,400 crore to the exchequer. The stock closed Rs 703 per share up by 1.75%.
Hathway Cable & Datacom, a cable television service operator in India, was buzzing on the bourses as the company’s arm GTPL Hathway Limited is set to raise around Rs 600 crore through initial public offer (IPO) in June. The stock closed at Rs 42.3 per share higher by 5.49%.
RPP Infra Projects soared over 8% as the company informed the bourses on Monday that it has bagged an order from Tamil Nadu Civil Supplies Corporation (TNCSC) worth Rs 51.20 crore.
Hotels stock during Monday’s trade were gaining ground as the GST Council on Sunday has fixed the tax rate for hotel rooms costing between Rs 2,500 to Rs 7,500 at 18%. While the cost of eat-out restaurants was fixed at 18%, down from the 28% decided earlier.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.



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