NSE Nifty at MASSIVE 16k: BIG RECORD! 1st time ever! HISTORY created! THIS sector contributed the most; Anil Singhvi DECODES what's special in this BULL RUN

In a historic move, NSE Nifty surpassed 16,000-mark for the first time ever, while BSE Sensex also gained over 450 points to hit a record high of 53,402.03 on Tuesday, August 3, 2021. 

See Zee Business Live TV Streaming Below

Talking about this historic high achieved by Nifty, Zee Business Managing Editor Anil Singhvi said it is for the first time that retail investors made money in a bull run. "There was good participation from retail investors directly or indirectly in the last one year, "said the Market Guru.

निफ्टी पहली बार 16,000 के पार...

जानिए किस शेयर और सेक्टर का मिला सपोर्ट?#MarketUpdate #Niftyb #NSE @AnilSinghvi_ @deepdbhandari @NSEIndia pic.twitter.com/aafLYS1ZSt

— Zee Business (@ZeeBusiness) August 3, 2021

The rally in the indices was backed by largely all major sectors, including auto, IT and financial stocks, FMCG, PSUs, while the actual push came from the metal sector. Zee Business has time and again talked about the importance of this sector in leading the indices. The banking sector, however, did not contribute much in this rally as Bank Nifty is still far from its lifetime high.  

नए शिखर पर निफ्टी...

इस तेजी में खास क्या?

अनिल सिंघवी- इस बार की तेजी में रिटेल निवेशकों की भागीदारी ज्यादा थी और रिटेल ने जमकर बनाया पैसा

FIIs की बिकवाली के बावजूद बाजार में मजबूती जारी रही, जो बाजार की ताकत दर्शाता है#MarketUpdate #Nifty #NSE @AnilSinghvi_ @NSEIndia pic.twitter.com/aavCaDhYBK

— Zee Business (@ZeeBusiness) August 3, 2021

Talking of participation from specific shares in Nifty 50, the maximum push came from HDFC Limited.

"Besides, Tata Consultancy (TCS) is also seeing good investors' interest after a long consolidation. There is positive momentum in HUL, while ITC is also looking good at the moment. These giants were primarily behind taking Nifty to a record high. Also, some banks like IndusInd Bank, Axis Bank, and Kotak Bank are also seeing good momentum. Nifty giant Reliance Industries Limited (RIL), however, is not supporting the market much currently, but we may soon see good action in this share too," said Deepanshu Bhandari, Anchor & Head-Research at Zee Business.