Nifty ends at record high as markets continued 5-day winning streak; RIL leads pack; M&M among top gainers after delivering expected Q4 results
The domestic markets continued their winning streak for the fifth straight session, to end over half a per cent higher. Nifty50 reported a record high closing, while Sensex concluded over 300 points each surging over half a per cent on the last day of the week today.
The domestic markets continued their winning streak for the fifth straight session, to end over half a per cent higher. Nifty50 reported a record high closing, while Sensex concluded over 300 points each surging over half a per cent on the last day of the week today.
BSE Sensex ended at 51422, up 0.6 per cent or 307.66 points higher, while Nifty closed at a new record high of 15435.65, up 0.6 per cent or 97.80 points higher. Nifty, earlier on February 15, 2021, had reported a high of 15431 level.
Of 50 scrips on Nifty50 Index, 27 advanced and 23 declined. Reliance Industries lead the 50-pack companies by soaring almost six per cent today, followed by Adani Ports and Grasim each jumped over three per cent on Friday.
Mahindra and Mahindra, on the back of in-line quarter four results expectations, soared by over two per cent an hour before close today, while Coal India, fifth-largest surged stock today, ended around two per cent higher.
Sun Pharma, which missed the streets’ Q4 expectations, declined most by around four per cent. It along with Dr Reddy’s dragged both the Pharma and Benchmark indices. Shree Cement, Bajaj Finserv, Bajaj Finance, and Dr Reddy’s each declines by over one per cent during today’s session.
All sectors ended positive on Friday, with banking and financial stocks leading the benchmark indices most to surge and end higher. However, Pharma Index fell most today than peers by over one percent, followed by Media and IT ended flat but in red during today’s session.
Other important indices such as Nifty Bank rose by 46 points to 35141 while Midcap Index slips by 10 points to 25,706 during today’s trade. Nifty PSU Bank becomes the top sectoral gainer today.
The covid cases amid the second wave have been declining in the country, perhaps that triggered the market, especially, Nifty to end at all-time high. India reported the lowest rise in cases since April 14, 2021. Positive global markets and support from foreign and domestic investors are other triggers.
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