Sensex rises 100 points, Nifty above 10500, RCom shares gain over 30%

At 2:36 PM, the BSE Sensex was trading at 34,038, up 190 points, while the Nifty50 Index was ruling at 10,523, up 45 points.

While the implementation of the GST caused short-term disruptions, investors feel the government will stay firm on its reforms agenda, backed by the BJP's strong showing in Gujarat and Himachal Pradesh assembly elections, brokers said. At the close, the benchmark 30-share index, BSE Sensex lost 63.78 or 0.19% at 33,848.03 with 16 components registering drop.

The Sensex clocked its best performance in recent years, rising by 7,430.37, or 27.91 percent in 2017. It had gained 508.92 points, or 1.94%, last year.

The Nifty has risen 2344.90 points, or 28.65 per cent, during the year. It surpassed its previous closing high of 34,010.61 reached December 26.

The NSE Nifty slid 40.75 points, or 0.39 percent, to 10,490.75 after scaling a new peak of 10,552.40.

Vedanta Ltd rose as much as 2.7 percent, and was on track for a third straight session of gains.

The Sensex and Nifty ended 2017 on a high note post increased buying by participants after the start of January series in the Futures and Options (F&O) segment.

In four days, shares of the company have zoomed 122 percent adding Rs 5,506.76 crore to its market capitalisation.

Reports said that oil, gas, metal and energy didn't perform well- but IT, FMCG, Power, auto, capital goods and healthcare were up as they rose up to 1.63 per cent. Tata Motors, Axis Bank, TCS, Hero MotoCorp, Adani Ports, Wipro, Asian Paints, Maruti and HDFC gained majorly. The Nifty Mid-Cap and Small-Cap index gained 0.06% and 0.49%, respectively.

Trading was thin across global markets on the last session of the year. Reliance Industries, up 0.8 per cent, and Idea Cellular Ltd, up more than 3.5 per cent, extended gains for a second straight session. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.

Related News:

  • 'Jerusalem embassy move a sovereign decision'

    'Jerusalem embassy move a sovereign decision'

    The announcement made Guatemala the first country to follow the United States in saying it was moving its embassy. The resolution passed by the General Assembly declared the US action on Jerusalem "null and void".
    Mbappe and Jesus for £5million? Giggs laments United transfer misses

    Mbappe and Jesus for £5million? Giggs laments United transfer misses

    I've spent my whole life in the Premier League - not just as a player but as a player-coach and assistant manager". I'm talking about Rafael [Da Silva], [Danny] Welbeck, Jonny Evans - players who are United through and through.
    Israel remands Palestinian girl filmed slapping soldier in West Bank

    Israel remands Palestinian girl filmed slapping soldier in West Bank

    However, the servicemen did not oblige the girls, and refrained from retaliating throughout the encounter. Bennett noted that under Israeli law, attacking soldiers is punishable by up to seven years in jail.
  • Bundle up if you're heading out: Wind chills below zero predicted today

    Bundle up if you're heading out: Wind chills below zero predicted today

    Overnight lows will fall to around 0, if not below that mark, with wind chills around the same territory as this morning. With similar values expected, more wind chill advisories in at least parts of the region are certainly fair game.

    Lorde cancels Tel Aviv concert following Jerusalem recognition

    Justine Sachs, who is Jewish, and Palestinian Nadia Abu-Shanab told the singer that: "A performance in Israel sends the wrong message".
    Awesome for Everton: Chelsea star banned

    Awesome for Everton: Chelsea star banned

    He added: "It was important, because to go and to play 30 minutes more, I think it was a bit unsafe ". And his manager was full of praise for the Welshman after the match.
  • Trump lashes out at Vanity Fair for backtracking on Hillary Clinton video

    Trump lashes out at Vanity Fair for backtracking on Hillary Clinton video

    President Donald Trump has lashed out at Vanity Fair after the magazine apologised for an online video mocking Hillary Clinton . For the president, the uproar provided an opportunity to take a dig at two of his favorite targets: Clinton and Vanity Fair .
    Six Eagles, including QB Carson Wentz, selected to 2018 Pro Bowl

    Six Eagles, including QB Carson Wentz, selected to 2018 Pro Bowl

    Other than Okung, who joined the team in March, the honorees all played for the San Diego Chargers . He leads the Buccaneers this season with five sacks, 12 tackles for loss and 22 quarterback hits.
    Facebook challenges music streaming giants with Universal Music deal

    Facebook challenges music streaming giants with Universal Music deal

    For context, music streaming leader Spotify has converted around 40% of its active users into paying subscribers. We are excited to bring that to life on Facebook, Instagram, Oculus and Messenger in partnership with UMG.
  • Palestinians die of wounds from Israel clashes in Gaza

    Palestinians die of wounds from Israel clashes in Gaza

    Mohammed Sami al-Dahdouh was injured in Gaza protesting Trump's decision to recognise Jerusalem as Israeli capital. For their part, the Palestinians say East Jerusalem must be the capital of a future independent Palestinian state.
    Pokémon GO gets AR

    Pokémon GO gets AR

    Walk up to something small like a Weedle, and you may be tempted to try and squish it with your shoe. If you moved, the rendered Pokemon would sort of glide along with you, breaking the illusion.
    Final Tax Bill: Biggest Cuts for the Middle

    Final Tax Bill: Biggest Cuts for the Middle

    Senate rules require 10 hours of debate on the bill, divided equally between Republicans and Democrats. All individual tax breaks expire at the end of 2025, while the corporate tax reductions will remain.

Most liked

Got the flu? Here's what leads to recovery
North Carolina officials have reported the state's first child death from flu for this season. San Diego physicians are encouraging all residents to get a flu vaccination as a precaution.

Mueller Probing Whether Trump Digital Team Aided Russian Disinformation Campaign
Trump called it "too bad" that Attorney General Jeff Sessions recused himself from the Russian Federation probe. "So, I think it's been proven that there is no collusion ".

SoftBank's Tender Bid For Uber Massively Successful
It will also buy $1 billion of shares directly from Uber at the older $70 billion valuation. The companies said they would issue a statement on the outcome of the tender offer .

Gallup Poll Names Barack Obama and Hillary Clinton Most Admired People Again
Gallup explains that Trump's unpopularity is likely what's holding him back from winning the most admired distinction. Clinton "remains arguably more prominent than other contenders", Jones wrote in a blog post announcing the findings.

Trump fumes over Russian Federation dossier: 'Crooked Hillary pile of garbage'
Trump's lawyers continue to predict that Mueller is wrapping up his probe as it relates to anyone in the White House. Its murky origins have been revealed to include a Republican donor who hired political intelligence firm Fusion GPS.

North Korea calls latest United Nations sanctions 'an act of war'
China, with which North Korea does some 90 percent of its trade, has repeatedly called for calm and restraint from all sides. Tension has been rising over North Korea's nuclear and missile programmes, which it pursues in defiance of years of U.N.

Christmas celebrated with gaiety in Udupi district
As the bells tolled, people thronged the churches - including the Cathedral Church of The Redemption and Sacred Heart Cathedral. The churches of the city have been decorated and thousands of people visited the holy places to celebrate the Pagan holiday .

Israel deports two Turkish citizens detained in Jerusalem protests
Many governments have long said that the fate of Jerusalem must be resolved through negotiations. Tension has mounted in the Palestinian territories since December 6, when U.S.

Baltimore couple killed in Florida plane crash
This is a tragedy any time, but it is so much worse because it happened on Christmas Eve, ' sheriff Grady Judd said. Shannon-Worthington was a teacher at Baltimore International Academy Elementary/Middle School in Baltimore.

TIDAL free trial for Christmas needs no credit card
The Premium option costs $9.99 per month and offers audio quality comparable to the other music streaming services out there. Tidal may be going through a hard time but the streaming music service hopes to win over some new users this Christmas.

U.S. is planning 'bloody nose' military attack on North Korea, report says
An earlier study of WannaCry's code by private cybersecurity firms and researchers also suggested ties to the North Korean Group. The WannaCry ransomware attack was a massive infiltration of over 300 thousand computers all around the globe.

Baby born from embryo one year younger than its mother
The first American baby born from a frozen embryo was in 1986 in Los Angeles . "I see miracles happen everyday", Sommerfelt said. This means Gibson carried an embryo that was conceived about 18 months after she herself was born, a press release stated.

Bound Honda Insight Prototype Previews All-New 2019 Model
The company says it's bringing back the Insight name for the compact auto that will offer mileage competitive with other hybrids. The Honda Insight is to return in 2018 with a hybrid powertrain, as Honda revives its Toyota Prius rival for the U.S. market.

Facebook knows you're in a photo before being tagged
Moving forward, you should now get a notification if someone tries to use a photo with your face as their profile picture . And that, in turn, means Facebook has a new powerful tool for mapping who knows who on the social network.

Charles Schwab Corp (SCHW) EVP Sells 1982 Shares of Stock
Sq Advisors Llc increased Apple Inc (NASDAQ:AAPL) stake by 3,426 shares to 1.24 million valued at $178.56M in 2017Q2. As per Monday, April 4, the company rating was maintained by Nomura. (NASDAQ:DLTR) rating on Wednesday, November 22.