Financials News

Closing Bell: Sensex inches closer to 35K

Closing Bell: Sensex inches closer to 35K

New Delhi [India]: Sensex on Monday closed up 251.12 points at 34843.51, while the Nifty closed up 60.20 points at 10741.50, hitting a fresh record high.

The market breadth, however, was narrow as 1541 shares advanced, against a delcline of 1416 shares. 300 shares were unchanged.

HDFC, ICICI Bank, Ambuja Cements, Zee Entertainment Enterprises Ltd. rallied in green, giving momentum to the markets.

Hero MotoCorp, GAIL, ONGC, Eicher Motors and Tata Motors DVR were down three – four percent.

The annual rate of inflation, based on monthly Wholesale Price Inflation (WPI) was released on Monday. It stood at 3.58 percent (provisional) for the month of December, 2017 as compared to 3.93 percent for the previous month.

Build up inflation rate in the financial year so far was 2.21 percent compared to a build up rate of 3.71 percent in the corresponding period of the previous year. (ANI)