India Markets closed

Equity indices end at record closing highs, realty and IT stocks gain

Equity benchmark indices hit fresh lifetime highs on Monday as global investors awaited US President Donald Trump and Chinese officials to sign the long awaited phase one trade deal later this week. The BSE S-P Sensex closed 260 points or 0.62 per cent higher at 41,860 while the Nifty 50 moved up by 73 points at 12,330. All sectoral indices at the National Stock Exchange were in the green with Nifty realty ticking up by 2 per cent, IT by 1.6 per cent, metal by 1.2 per cent and FMCG by 1.1 per cent. Among stocks, Infosys rose by 4.65 per cent to Rs 772.50 per share after the IT major reported 11 per cent jump in consolidated net profit for the quarter ended December 2019 (Q3 FY20) to Rs 4,457 crore from Rs 4,019 crore quarter-on-quarter due to higher other income and lower other expenses. The year-on-year profit growth was 23.5 per cent.