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Markets end at new closing high, Nifty settles above 10,650; Infosys flat

SI Reporter/New Delhi 12 Jan 18 | 03:31 PM

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Benchmark indices end marginally but at new closing highs on Thursday with Nifty comfortably above the 10,650 levels led by blue chips like ICICI Bank and ONGC  

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Coal India rose to its highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about Rs 19.56 billion ($308 million) for the rest of the current fiscal year.

Investors, however,  remained wary as four senior sitting judges of the complain that Supreme Court as administration of the country's top court was not in order. 

At a hurriedly called press conference at the residence of Justice J Chelameswar, the No 2 in the apex court hierarchy, they said it was with "no pleasure" that they had been compelled to make public what they were upset with.

"Hallmark of democracy is independent and fair judiciary. We tried to convince Chief Justice that things are not in order. Unfortunately, our attempts failed," said Justice Chelameswar. "It is s with no pleasure that we have been compelled to do this, administration of SC is not in order," he said. "

Sentiment was also affected ahead of Infosys earnings later today and the federal budget next month.

Globally, Asian stocks resumed their ascent on Friday, supported by US earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus.

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Company Price Gain (%)
Sun Pharma.Inds.576.303.91
M & M908.152.78
H D F C1,902.402.54
Axis Bank524.652.22
Bharti Airtel374.601.74


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