Tag: Stock Market

The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.

The broader NSE Nifty50 traded above the 17,900-mark. It opened at 17,897.45 points from its previous close of 17,822.95 points.

Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent, followed by L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank.

Both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs. The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level.

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 was trading 260.26 points or 0.45 per cent higher at 58,390.21, and Nifty advanced 75.75 points or 0.44 per cent to 17,399.35 in initial deals.

Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, Kotak Bank, SBI, NTPC and IndusInd Bank.

The top gainers on the Sensex were Bajaj Finserv, Bharti Airtel and Bajaj Finance.

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.

Titan was the top gainer in the Sensex pack, rising over 2 per cent, followed by Bajaj Finance, Tata Steel, M&M, Maruti, L&T, Reliance Industries and HDFC.

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.

NSE Nifty50 traded lower. It fell to 16,433.10, lower by 135.75 points or 0.82 per cent from its previous close.

After scaling a fresh lifetime high of 55,854.88 during the day, the 30-share index settled 209.69 points or 0.38 per cent higher at 55,792.27, while the broader NSE Nifty advanced 51.55 points or 0.31 per cent to 16,614.60.

The top gainers on the Sensex were Bharti Airtel, Tech Mahindra and Kotak Mahindra Bank.

Shares of Vodafone Idea plunged further on Thursday after Kumar Mangalam Birla stepped down as its Non-Executive Chairman.