Thursday, 11 August 2022



LATEST NEWS No person, no matter how tall or powerful, will be spared if found in illegal activities : Anil Vij Gippy Grewal’s Son Shinda Grewal Refused To Be A Part Of Laal Singh Chaddha. Reason Inside New Omicron sub-variant BA 2.75 detected in Delhi 'Holy Cow' is a brave film on relevant social issues : Sanjay Mishra Akshay Kumar on flops: Ups and downs happen in everyone's life We can't beg people to play for West Indies : coach Phil Simmons BCG vax prevents TB in young kids, not adults : Study Lucrative BBL contract to David Warner could become a headache for Cricket Australia : Adam Gilchrist England Test captain Ben Stokes' documentary to release on August 26 Dulquer Salmaan-starrer 1965 War love story 'Sita Ramam' cleared for release in UAE MLA Narinder Kaur Bharaj formally inaugurates Women police station at Sangrur city India's Asia Cup selection gives fair indication about squad for T20 World Cup, few spots still up for grabs Elon Musk agrees to rebuy Tesla stock if Twitter deal doesn't close Veera-starrer 'Paraasakthi' to have world premiere at IFFM Taapsee Pannu recalls watching SRK's films during college days I was born to play this character : 'Liger' baddie Vish Sony Pictures Networks India extends broadcast deal with ECB till 2028 Brain fog may not be limited only to humans : Study Three-time champion Andy Murray bundled out in Montreal UP to honour sportspersons from CWG Huge boost for India cricketers in latest ICC T20I rankings; Babar Azam stays No.1 batter


Bull Run: Sensex scales 60K peak; realty, IT stocks rally

Sensex, Mumbai, BSE, Nifty, Shares, National Stock Exchange, Stock market

Web Admin

Web Admin

5 Dariya News

Mumbai , 24 Sep 2021

India's stock market bull run propelled the benchmark equity index S&P BSE Sensex above the 60,000-mark milestone on Friday with the last 5,000 points coming in just 42 days.Overall, it took took Sensex 246 days to accumulate the last 10,000 points.The 30-scrip sensitive index crossed the milestone just after the pre-open session on the back of a rally driven by large caps with many index heavyweights touching their respective highs.The Sensex opened at 60,158.76 points from its previous close of 59,885.36 points. Similarly, NSE Nifty50 traded above the 17,900-mark, but failed to reach the 18,000-level.In terms of sector, realty, IT, media and telecom indices were the best performers since May 18, 2021, while auto, pharma and metal indices rose the least.Amongst the BSE 200 stocks, JSW Energy, Mindtree, IRCTC and Mphasis have risen more than 100 per cent over this period.LTI, LTTS, Godrej Properties and Zee Ent are the other large gainers.The market cap of all the listed companies clubbed together crossed Rs 250 lakh crore.In the day's tarde, realty, telecom and IT indices rose the most, whereas power, metals, consumer durables, and healthcare indices fell the most.Globally, shares were on the edge on Friday, hurt by persistent uncertainty around the fate of debt-ridden Chinese real estate major Evergrande, even as increased risk appetite drove US stocks and treasury yields higher.At the end of Friday's trade session, the Sensex gave up some early gains but managed to end on a positive note.

Consequently, the Sensex closed above 60,000 points for the first time ever at 60,048.47, higher by 163.11 points or 0.27 per cent from its previous close.The NSE Nifty50 closed at 17,853.20 points, higher by 30.25 points or 0.17 per cent from its previous close."Nifty is now close to 18,000 and once that round number is achieved, we could see a broad-based correction in the markets," said Deepak Jasani, Head of Retail Research, HDFC Securities.According to Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services: "Domestic sentiments are buoyant as economic recovery is happening faster than expected, which is well-reflected in improving macro-data points. In addition, strong liquidity, falling Covid-19 cases, healthy vaccination drive, upbeat corporate commentaries and low cost of capital too provided support to this rally."However, the valuations have reached stratospheric levels, especially for a lot of the desired high quality names across sectors. Thus, bottom-up stock picking approach is becoming difficult for the investors."Vinod Nair, Head of Research at Geojit Financial Services, said: "Weak global market did not affect the upside momentum of the domestic market which hit record highs boosted by realty and IT stocks. India is seizing a sweet spot in the global equity market with the increase in domestic investors."However, profit-booking was noticeable in mid and small cap stocks, which were under pressure and it can continue in the short term. Realty stocks continued to outperform the other sectors owing to an increase in property registrations and cut in stamp duty (Karnataka) and home loan rates."


Tags: Sensex , Mumbai , BSE , Nifty , Shares , National Stock Exchange , Stock market



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD