Saturday, 01 October 2022

 

 

LATEST NEWS Constructive co-operation coupled with trust and transparency is key to tap the trade potential of SCO Member States : Anupriya Patel Visit of Admiral R Hari Kumar Chief of the Naval Staff to Australia World Teachers Day 2022: Read To Know More About It Sunday vibes at their best! watch the two most favourite movies Saunkan Saunkne And Dil Diyan Gallan on Zee Punjabi Who Is RJ Karishma, A Radio Jockey Entered In Bigg Boss House With Her Reel Family It is important for scientists to be at the forefront of their work and hone competencies to deliver science for the public good: Dr Jitendra Singh India and Singapore are closely collaborating in cutting edge areas like fintech, information technology etc : Dr Jitendra Singh Waste processing capacities of urban local bodies (ULBs) increase from a mere 18% in 2014 to 73% at present : Hardeep Singh Puri Jai Ram Thakur inaugurates and lays foundation stone of 21 developmental projects worth Rs. 202.14 crore for Manali AC Nityanand Rai addressed the inaugural function of 4th National Young Superintendents of Police Conference and Police Expo today River Island: Jagjeet Sandhu Drops Teaser & Release Date Of Upcoming Short Film Nitin Gadkari Inaugurates Newest PURE EV Dealership Showroom in Nagpur ‘Dev Lok’ will be a big attraction for the tourists : Jai Ram Thakur Suresh Kashyap inaugurates the media centre of BJP in Shimla Punjabi Movies Releasing In October 2022 To Add To Your Watchlist Bigg Boss 16: Official Theme Of Upcoming Reality Show Out, Pictures Inside Bigg Boss Season 16: New Contestant List Upcoming Reality Show Out Now Nice to see Phil Salt remain unbeaten, finish the game off in his best innings for England : Michael Atherton Salman Khan pays moving tribute to body double: 'Dil se shukar adda kar raha hoon' Viola Davis-starrer 'The Woman King' to release in India on Oct 14 Deepika Padukone, Ranveer Singh shut down separation rumours with flirty exchanges

 

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