The Indian market on Friday closed at a high price after touching the high standards of its life. Benchmark indices Senssex and Nifty have surged above the 52600 and 15800 mounts today, with strong global clues and a decline in domestic covid cases.
The BSE Sensex closed at 174.29 points or 0.33 percent higher at 52474.76, while Nifty closed on Friday at record highs of 15799.35, 61.60 points or 0.39 percent higher.
Other important indices, such as Nifty Bank, were flat, down 83.8 or 0.24 percent to 35047.4, while the midcap index also rose 60.7 or 0.22 percent to end at 27329.15.
Of the 50 scripts in Nifty50, 23 have advanced and 27 have decreased on Friday. Metal stocks such as Tata Steel, JSW Steel, Coal India and Hindalco surged 4.37, 3.78, 3.67 and 3.17% respectively in today’s trading, the highest at closing prices.
Bank stocks such as Axis Bank, IndusInd Bank and Bajaj Finance were behind the top but fell slightly. Meanwhile, Davis Labs and L & T also declined slightly, all below 1%.
By sector, Nifty Metal, followed by Nifty IT, surged the most closer than its peers. The former has grown over 2.5% and the latter has grown over 1.5% today. Nifty Realty and Nifty Media were the most depressed at the end of today’s trading.
Backed by solid global clues, the frontline S & P BSE Sensex hit a record 52,641.5 and the broader Nifty50 index hit 15,835.5 marks in the morning trade. In the broader market, the BSE MidCap and SmallCap indices also touched new peaks at the 23,045 and 25,249 levels, respectively.
The strong global market gave great support to the domestic market as the bulls gained global momentum on Daral Street on Friday. US bond yields and the euro area have fallen, and Germany’s 10-year yield has been set to the biggest drop this year as investors bet on super-monetary policy to stay in place.
Stock Market Closing Bell!Ended at record heights with strong global clues, reducing Covid 19 cases
Source link Stock Market Closing Bell!Ended at record heights with strong global clues, reducing Covid 19 cases