According to Gaurav Garg, Head of Research, CapitalVia Global Research: "We witnessed a correction in the market and an attempt to hold the level above the Nifty50 Index level of 17,600. Our research suggests that it is going to be crucial for the short-term market scenario to sustain above the 17,450-17,550 Nifty50 Index support zone."
According to Likhita Chepa, senior Resaerch Analyst, CapitalVia Global Research: "Sentiments got boost as government has approved a big-bang relief package for the stressed telecom sector."
The 30-share Sensex closed 514.33 points or 0.90 per cent higher at 57,852.54, and Nifty surged 157.90 points or 0.92 per cent to 17,234.15.
Rising for the fourth session on the trot, the 30-share BSE Sensex soared 662.63 points or 1.16 per cent to its fresh record close of 57,552.39. It touched a lifetime high of 57,625.26 during the session.
The next 1,000 points-level was scaled in less than a week as the benchmark climbed the 56,000-peak for the first time in intra-day on August 18.
Tata Steel was the top gainer in the Sensex pack, rising around 1 per cent, followed by NTPC, L&T, HDFC, Nestle India, ICICI Bank and Bajaj Finserv.
The top gainers on the Sensex were Bharti Airtel, Tech Mahindra and Kotak Mahindra Bank.
The key Indian equity indices surged on Wednesday morning with the BSE Sensex crossing the 54,000-mark for the first time ever.
Notably, strong buying was seen in quality mid-cap and small-cap stocks after the recent fall, while volatility index contracted by 5 per cent.
The broader NSE Nifty inched 2.80 points or 0.02 per cent higher to close at 15,692.60. Meanwhile, gold on Monday dipped Rs 169 to Rs 46,796 per 10 gram.
Equity benchmark Sensex plunged nearly 600 points in early trade on Monday, tracking losses in index-heavyweights ICICI Bank, SBI and L&T amid a steep correction in global equities.
Including the current bull market rally which is on, India has had six bull markets over the past three decades.
The key Indian equity indices continued their record run on Tuesday.The BSE Sensex touched a fresh high of 52,836.31 and the Nifty50 on the National Stock Exchange hit an all-time high of 15,889.60 points.
Equity benchmark Sensex rose 77 points to close at its all-time high on Monday, while the 30-share BSE index ended 76.77 points or 0.15 per cent higher at 52,551.53. Meanwhile, gold plunged Rs 464 to Rs 47,705 per 10 grams.
Equity benchmark Sensex climbed 174 points to close at its all-time high on Friday. Meanwhile, gold prices rose Rs 441 to Rs 48,530 per 10 gram.
The Indian stock market reached new milestones on Friday morning with both the BSE Sensex and the Nifty50 on the National Stock Exchange touching fresh record highs.
Equity benchmark Sensex rallied 613 points to settle above the 50,000-mark on Tuesday. Meanwhile, gold rose by Rs 333 to Rs 47,833 per 10 gram
The 30-share BSE index ended 848.18 points or 1.74 per cent higher at 49,580.73, and the broader NSE Nifty soared 245.35 points or 1.67 per cent to 14,923.15.
Mumbai: The key Indian equity indices declined on Friday with the BSE Sensex plummeting around 750 points. Heavy selling pressure was witnessed in banking and finance stocks. Around 2.35 p.m.,…
Mumbai: Extending its losses the BSE Sensex declined over 1,500 points in line with global selloff. Around 11.33 a.m., Sensex was trading at 49,517.48, lower by 1,521.83 points or 2.98 per cent from the previous close of 51,039.31. It opened at 50,256.71 and has touched an intra-day high of 50,400.31 and a low of 49,507.46 […]
Mumbai: The BSE Sensex soared over 2,000 points on Monday afternoon after Finance Minister Nirmala Sitharaman completed her first digital presentation of the Union Budget for FY21-22. Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National […]
Mumbai: The Nifty50 on the National Stock Exchange (NSE) crossed the psychological mark of 14,500 points for the first time, amid a largely choppy trade on Tuesday. The indices largely traded on a flat note during the day. The Nifty has touched an all-time high of 14,510.05 points. The BSE Sensex also hit an all-time […]
Mumbai: Indian equity markets posted healthy recovery after an intra-day slide as investors took the opportunity to ‘buy on decline’. In the intra-day, market opened with a ‘gap up’ as positive macro indicators and vaccine advances in India buoyed sentiments. Consequently, the S&P BAE Sensex crossed the 48,000-mark. However, the market could not sustain itself […]
Mumbai: Extending its winning run to the sixth session, equity benchmark Sensex advanced 70 points to end at a new record on Friday following gains in Infosys, ICICI Bank, TCS and Reliance Industries. After opening at its lifetime intra-day high of 47,026.02, the 30-share BSE index pared some gains to finish at 46,960.69, up 70.35 […]
Mumbai: Optimism over the introduction of an Civod-19 vaccine in India along with continued foreign fund inflows boosted the Indian stock markets on Tuesday. In terms of global cues, positive development over US President-elect Joe Biden’s team getting a formal go-ahead to begin the transition process boosted investor sentiments. Back home, broad based buying took […]