INSUBCONTINENT EXCLUSIVE:
Domestic stock markets scaled fresh record closing highs on Wednesday, boosted by banking stocks and energy heavyweights such as Reliance
time.Here are 10 things to know about Wednesday's trading session:1
Top gainers on the 50-scrip Nifty index were Reliance Industries, ONGC, Cipla, Bajaj Finance and Bharti Infratel - closing around 2-3 per
During the session, it touched a life-time high of 28,128
SBI, Bank of Baroda and ICICI Bank shares closed between 1.6 per cent and 1.9 per cent higher.4
Gains in financial services stocks also supported market sentiment, led by Bajaj Finance, IIFL, MM Finance and Max Financial Services -
which rose 1-3 per cent.5
fiscal stimulus to cushion the impact of its worsening trade dispute with Washington.6
However, declines in pharma stocks kept the upside in check
declining sales in the US and Japan.7
Aurobindo Pharma, Divis Labs and Biocon shares ended 1-3 per cent lower, contributing to a 0.7 per cent drop in the Nifty Pharma for the
Analysts expect some volatility in the markets in the coming sessions
"With headline index trading at record highs, some consolidation cannot be ruled out
We expect stock specific volatility to continue with more corporate earnings scheduled in the next 1-2 weeks," said Jayant Manglik,
president, Religare Broking.9
Overnight on Wall Street, the SP 500 inched nearer to a record high, as upbeat tech earnings fuelled optimism on strength in the world's
A strong earnings season has helped US stocks cushion some of the impact from the simmering trade issues.10
"Market participants would keep an eye on global developments especially the US-China trade war, progress of monsoon, currency and crude oil
