MARKET SUMMARY 06-08-18

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The benchmark indices settled at record closing highs on Monday, after rallying for the to a second consecutive session led by rise in financial stocks, especially the public sector banks (PSBs).The S&P BSE Sensex settled at a record high of 37,692, up 136 points, while the broader Nifty 50 index settled at a new high of 11,387, up 26 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,805.25 while the Nifty50 index touched its record high level of 11,427.65.Among individual stocks, Axis Bank, State Bank of India (SBI) and ICICI Bank were among the top gainers in the BSE Sensex, settling higher in a range of 3 -4 per cent. 

The Nifty PSU Bank index settled over 2.5% higher led by rise in Indian Bank and SBI. Axis Bank, ICICI Bank and the SBI contributed to over 300 points to Nifty gains. Banks, metal, consumer durables, energy, telecom stocks supported the rally, while pharma and IT stocks pulled indexes lower. Shares of InterGlobe Aviation, owner and operator of IndiGo airlines, was trading at Rs 1,059, rising by Rs 62.90 in value, or by 6.31 percent on the BSE at 3.06 pm. It traded in a range of Rs 1070 and Rs 984.50, after opening at Rs 998. Shares of Jet Airways traded at Rs 307.45, down by 0.18 percent, while Spicejet was at Rs 95.35, marginally higher by 0.05 percent.

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TOP GAINERS:IDFC,SRF,RELIANCE COMMUNICATIONS

MAJORLOOSERS: APPOLLO TYRES,BIOCON,MRF TYRES