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Wednesday, 17 January 2018

Sensex Falls 50 Points, Nifty up 10700; IT Shares Surge



On Tuesday, with the signals from the global market, the Indian stock market started with a rise. With the rise in crude prices, due to the increased trade deficit in December 2017 and gold prices reaching a 4-month high level, the market has lost the full lead. The Sensex has broken 176 points from the upper level. On the other hand, Nifty has slipped 57 points from the top. However, stocks in IT stocks, especially TCS, Wipro and Infosys, have supported the market faster. However, the pressure on the market is weak due to weakness in Reliance Industries, HDFC, Coal India, ONGC, ITC and SBI. The Sensex is currently trading at 7,718 points, down 79 points, and Nifty is down 24 points with 10,718 points.

Previous record high level

- Nifty reached new record high of 10,782.65 on January 15, while Sensex touched the level of 34963.69
- The Sensex touched the record high of 34638.42 on January 12 The Nifty reached 10,690.25 points.
- On January 11, Nifty made the all-time high of 10,664.60.
- On January 9, the Sensex touched a new level of height of 34565.63 points.
- On January 08, the Sense touched the level of 34487.52 points, while the Nifty went up to the high of 10,631.20.
- On January 5, 2018, the Sensex was 34,175 and the Nifty went up to 10,566.10 points.

HUL's market cap crosses 3 lakh crore for the first time

- The market capitalization of FMCG Hindustan Unilever (HUL) in Tuesday's business crossed Rs 3 lakh crore for the first time.
- The HUL stock has risen before the third quarter results were released on Wednesday. On the NSE, the stock rose by 1.63 percent to 1389.50 rupees during the business. At this price, the company's market cap increased to Rs 3,00,923.69 crore.

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