Tuesday, 9 January 2018

Market Live: Sensex, Nifty, Midcap Off Record Highs; Coal India Extends Gains

Posted by suhani varma on Tuesday, January 09, 2018 with No comments



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Benchmark as well as broader indices turned volatile after hitting record highs in opening as investors await December quarter earnings season that will be kicked off by TCS, Infosys and IndusInd Bank later this week.


The 30-share BSE Sensex was up 28.45 points at 34,381.24 while the 50-share NSE Nifty fell 8.40 points to 10,615.20.


About 1,157 shares declined against 998 advancing shares on the BSE.

Coal India extended gains to 7 percent in morning on revision in non-coking coal prices.State-owned Nalco announced formulation of a long-term corporate plan, which envisages the aluminium maker to reach a turnover of Rs 31,248 crore and a PAT of Rs 3,010 crore by 2032.

With the release of the corporate plan, Mines Secretary Arun Kumar "appreciated the efforts of Nalco in formulating a plan that provides a strategic way forward for the company up to 2032...The long-term strategy foresees the company to reach a turnover of Rs 31,248 crore and a PAT of Rs 3,010 crore by 2032," the company said in a BSE filing.

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