Sensex-Nifty at all-time high due to rise in global markets and capital inflow of foreign institutional investors.
[ad_1]
Mumbai: Local stock markets remained bullish on Monday with both benchmark indices Sensex and Nifty closing at their new all-time highs. The market gained momentum amid the rise in global markets and capital inflows from foreign institutional investors. The market was also supported by the rise in Reliance Industries, which has a strong share in the index. BSE Sensex based on 30 shares closed at a new record level of 74,742.50 points with a gain of 494.28 points or 0.67 percent. At one time during trading, it had risen by 621.08 points to reach a record level of 74,869.30 points.
National Stock Exchange’s Nifty also closed at a record level of 22,666.30 points with a gain of 152.60 points or 0.68 percent. At one point during trading, it jumped 183.6 points to its highest ever level of 22,697.30 points. Among the Sensex stocks, Maruti, Mahindra & Mahindra, NTPC, JSW Steel, Larsen & Toubro, Reliance Industries, Axis Bank and Power Grid were the major gainers. On the other hand, loss making companies include Nestle, Wipro, Tata Consultancy Services, HDFC Bank, Titan, HCL Technologies and Infosys.
Deepak Jasani, head of retail research at HDFC Securities, said most of the global stock markets were in an upward trend. The reason for this is that investors are keeping an eye on the inflation rate released in America this week and the European Central Bank’s decision regarding interest rates. Vinod Nair, head of research, Geojit Financial Services, said positive news from various sectors and expectations of better fourth quarter financial results from companies remain strong. The pace was all-round.
The post Market boomed amid rise in global markets and capital inflow of foreign institutional investors, Sensex-Nifty at all-time high appeared first on Dainik Savera Times | Hindi News Portal.
[ad_2]
Source link
