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Markets end at record highs; Nifty closes above 9,900 for first time ever

SI Reporter/New Delhi 17 Jul 17 | 03:34 PM

The market settled Monday's trade at record highs thanks to strong gains in IT counters such as Infosys and Wipro. Index heavyweight Reliance Industries, crossing the Rs 5 lakh crore market capitalisation for the first time ever, added to the gains, while ITC, dropping over 4% on speculations of an expected hike in cess by GST Council, hogged the limelight.

In intraday trade, the S&P BSE Sensex and Nifty50 logged their fresh lifetime highs of 32,131 and 9,928, respectively. 

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Meanwhile, Asian markets set a fresh two-year high, boosted by stronger-than-expected economic growth in China and bets that lacklustre US data will keep the Federal Reserve cautious about the pace of further policy tightening.

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Sensex

Company Price Gain (%)
Wipro286.406.47
Reliance Inds.1,586.203.76
Coal India262.252.66
TCS2,490.901.87
Kotak Mah. Bank998.651.86

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