Stock markets on historic bull run! Sensex hits record high of 46,100, Nifty crosses 13,500
Indian equity benchmark indices continued their record run, 5th upday for Sensex and 7th upday for the Nifty, registering yet another record high, helped by a strong global sentiment. The S&P BSE Sensex crossed the 46,000 mark in todays session taking only three days to capture the last 1000 points. The NSE Nifty 50 index too ended above the mark of 13500 in todays trading session. At close the Nifty ended 1% higher at 13529.
Markets closed at record high levels today, led by gains in Reliance Industries, HDFC Bank and Infosys. The Sensex hit 46,000 levels for the first time while Nifty also crossed 13,500 levels. The Sensex surged by 1.1% or 495 points to 46,103.5. The Nifty jumped by 1% or 136 points to 13529. The market breadth was in favour of advances with an advance-decline ratio of 3:2.
Indian equity benchmark indices continued their record run, 5th upday for Sensex and 7th upday for the Nifty, registering yet another record high, helped by a strong global sentiment. The S&P BSE Sensex crossed the 46,000 mark in today's session taking only three days to capture the last 1000 points. The NSE Nifty 50 index too ended above the mark of 13500 in today's trading session. At close the Nifty ended 1% higher at 13529.
Volumes on the NSE were lower than recent average. Among sectors, Banks, Media, Realty, IT, FMCG were the main gainers while PSU Bank & Metals ended in the negative. Midcap and smallcap indices ended with lesser gains.
Major headlines:
ICICI Bank to sell 2.2% stake in ICICI Securities
Aurobindo Pharma gets USFDA nod for sedative dexmedetomidine injection
Orient Bell Tiles restarted manufacturing line with capacity of 1M sq mt
Nifty continues its upward climb with little signs of a reversal soon. In fact today’s rise has come with an up gap between 13435-13449. It will be interesting to watch as to whether this upgap is filled soon or whether today’s gap is an exhaustion gap which indicates that we are close to a top.
Global stocks reached record highs as investors focused on efforts to provide more fiscal stimulus and positive news on COVID-19 vaccines. Fresh optimism on the conclusion of Brexit talks also helped. European stock market trade higher, as focus remains on Brexit talks. Asian markets were higher, as a coronavirus vaccine rollout commenced in the UK, fueling some of the optimism among investors. China reported that its consumer price index slipped 0.5% in November compared with a year earlier. Economists said the country’s first slip into deflation since 2009 was no cause for alarm.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.