Thursday, 12 July 2018

MARKETS LIVE: Sensex Hits Record High, Nifty Crosses 11,000 Mark


Nifty Sensex | Equity

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Benchmark indices are trading higher on Thursday with the S&P BSE Sensex hitting a record high of 36,540 levels - surpassing its previous high of 36,444 recorded on January 29, 2018, in intra-day deals. In broader markets, the Nifty50 index crossed the 11,000 mark with oil refining and marketing companies - HPCL, BPCL, and IOC - rallying over 4% each in morning trade.

GLOBAL MARKET
 
In global markets, Asian stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session's steep losses when fears of an escalation in the US-China trade war jolted investor sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05 percent. 

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The index slumped 1 percent on Wednesday along with a slide in global equities after US President Donald Trump's threat to imposing tariffs on another $200 billion of Chinese goods deepened the trade row between the world's two largest economies.

 Hong Kong's Hang Seng rose 0.2 percent and the Shanghai Composite Index bounced 1.1 percent. South Korea's KOSPI added 0.35 percent and Japan's Nikkei gained 1.1 percent.


On the Wall Street, Dow Jones Industrial Average fell 219.21 points (0.88 percent) to 24,700.45, the S&P 500 lost 19.82 points (0.71 percent) to 2,774.02 and the Nasdaq Composite dropped 42.59 points (0.55 percent) to 7,716.61.

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