Markets end year with 28 pc gains

Randal Sanchez
December 31, 2017

The indices logged biggest yearly gains in three years as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence.

At 2:36 PM, the BSE Sensex was trading at 34,038, up 190 points, while the Nifty50 Index was ruling at 10,523, up 45 points.

It had gained 508.92 points, or 1.94 per cent, in 2016. Sensex rose by 7,430.37 points in 2017, which is 27.91 points.

"Focus on upcoming Union Budget and government's reforms will direct investors to turn sector/stock specific".

The NSE Nifty slid 40.75 points, or 0.39 percent, to 10,490.75 after scaling a new peak of 10,552.40. "We feel that though the outlook on main indices is moderate in the short to medium-term, the broad market will maintain its vibrancy as businesses flourish", saidNair.

It surpassed its previous closing high of 34,010.61 reached on December 26.

The 2017 Holiday Season Could Be the Start of Retail's Big Comeback
Although Quinlan admitted that the strong US economy was a contributing factor, an upgraded customer experience also helped. Retailers' heavy early-season promotions paid off, with the first three weeks of November seeing significant jumps .

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

In the Sensex kitty, Tata Motors saw the maximum gain of 3.06 per cent, followed by Axis Bank (2.74 per cent), TCS (2.72 per cent), Hero MotoCorp (2.38 per cent), Adani Ports (1.94 per cent), Wipro (1.90 per cent), Asian Paints (1.16 per cent), Maruti Suzuki (1.05 per cent), HDFC Ltd (0.94 per cent), ONGC (0.85 per cent), NTPC (0.83 per cent) and Hindustan Unilever (0.79 per cent). However, the returns are lower than Hang Seng, which has gained 33 per cent.

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

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

Aarti Industries announced that they have signed a Rs10,000cr multi-year exclusive supply contract with a leading global chemical conglomerate. 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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