Sensex Surges Past 36,000 Points Again

Updated: Tuesday, July 10, 2018, 11:13 [IST]

The Sensex once again surged past the 36,000 points mark, reconquering the mark it had hit for the first time on Jan 23, 2018.

However, the Nifty was below the 11,000 points mark and most experts feel that it would be able to hit this mark, sometime shortly. The Sensex was last trading at 36,147points, while the Nifty was up 60 points at 10,913 points.

Tata Consultancy Services shares were were marginally lower as the IT major will kick-off June quarter earnings season today by announcing its first quarter results later today. The shares were last seen trading at Rs 1880 on the NSE.

Among others, private sector lender IndusInd Bank was trading marginally lower, ahead of its June quarter numbers today. Shares of HCL Technologies was up 2 per cent, after the company said that it would be considering a buyback of shares.

Chandigarh-based Streel Strips rose as much as 4.1 percent to Rs 1,300 after it won its biggest steel truck wheel order from U.S.

Overseas, Asian stocks continued gaining streak for the third straight session today, mirroring positive closing at the Wall Street in the overnight trade amid hopes of robust earnings report.

On Monday, Indian benchmark indices ended higher tracking gains in Asian peers after favourable US jobs data boosted risk appetite, with heavyweights Asian Paints and Reliance Industries (RIL) driving the indices higher. Sensex surged by around 277 points to close at more than five-month high of 35,934.72 today on heavy buying in energy, capital goods, power and banking stocks.