Sensex ends at new high of 34592; Nifty at record 10681


Mumbai, Jan 12 NSE benchmark Nifty rose 30 points to end at a new high of 10,681.25 today, backed by buying in media, metal, finance service and bank sectors amid positive global leads. The broader Nifty also strading up by 22.45 points, or 0.21 percent at 10,673.65.

Barring IT, all other BSE sectoral indices were trading in the green. Both these indices outperformed the Sensex.

Stock markets scaled fresh all-time peaks in the closing trade on Friday, propelled by financials and energy stocks, as investors awaited the monthly inflation data for clues on the central bank's monetary policy. However, the BSE market breadth remained bearish as 1,584 stocks declined as compared to 1,331 advances.

Dollar revenue may grow 1 percent to USD 2,754 million from USD 2,728 million QoQ.

The company's consolidated net profit rose 1.31% to Rs 6545 crore on 1.18% growth in net sales to Rs 30904 crore in Q3 December 2017 over Q2 September 2017.

Separately, TCS today, 12 January 2018, announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its U.S. insurance and annuity business lines.

After market hours on Friday, the company reported a more-than-38% jump in quarterly net profit as compared with the corresponding quarter of a year ago.

Shares of Tata Consultancy Services slipped almost 1% as investors focused on the company's weak sales and outlook for banking and financial services sector. The market capitalisation of listed firms on the NSE stood at Rs 1,53,21,627.92 crore. Sensex however snapped a 4-day streak of gains.