Sensex opens at record high, Nifty reclaims 11,000; midcaps trade strong

Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark.

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Cafe Coffee Day surges: Shares of Coffee Day Enterprises, the operator of Café Coffee Day, gained around 3 percent in morning trade after its subsidiary tied up with UberEats to distribute food products.

The stock has touched an intraday high of Rs 271.90 and an intraday low of Rs 267.15.

Material subsidiary of the firm, Coffee Day Global, entered into an agreement with UBER Portier.B.V, wherein the firm is partnering with Uber to obtain tech services through UberEats mobile app to distribute food products. This may help to augment the retail sale, the company said in a filing to exchanges.

Shares of Coffee Day Enterprises, the operator of Café Coffee Day, gained around 3 percent in morning trade after its subsidiary tied up with UberEats to distribute food products.

The stock has touched an intraday high of Rs 271.90 and an intraday low of Rs 267.15.

Material subsidiary of the firm, Coffee Day Global, entered into an agreement with UBER Portier.B.V, wherein the firm is partnering with Uber to obtain tech services through UberEats mobile app to distribute food products. This may help to augment the retail sale, the company said in a filing to exchanges.

Buzzing Stock: Shares of Fortis Healthcare rose 2.7 percent in the opening trade on Thursday as company to consider fund raising.

A meeting of the board of directors of company shall be held on July 13 to consider and if thought fit approve raising funds through issue of securities on a preferential allotment basis.

The share touched its 52-week high Rs 171.35 and 52-week low Rs 106.65 on 03 January, 2018 and 06 February, 2018, respectively.

Buzzing Stock: Shares of HCL Technologies added 1.5 percent in the opening trade on Thursday as board to consider buyback of shares.

A meeting of the board of directors of the company is scheduled to be held on July 12, 2018, to consider a proposal for buyback of equity shares.

Market opens: It’s a green start to the market and the Nifty has managed to reclaim 11,000 in the opening tick. It has achieved the the feat for the first time since February 1. The Sensex is touched an all-time high mark as well and is up over 180 points as well.

The Sensex is up 187.13 points or 0.52% at 36,453.06, while the Nifty is up 65.40 points or 0.60% at 11,013.70. The market breadth is positive as 502 shares advanced, against a decline of 139 shares, whereas 41 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains in PSU banks, energy and metal names, while midcaps, too, are trading almost a percent higher.

Market at pre-open: Pre-opening trades indicate a higher opening for the market here. The Sensex is above 36,300, while the Nifty has touched 11,000 again in the pre-opening trade.

At 09:01 hrs IST, the Sensex is up 75.96 points or 0.21% at 36341.89, and the Nifty up 85.90 points or 0.78% at 11034.20.

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