BIG relief! On last day of series, Sensex reclaims 50,000-mark and Nifty over 15,000
On the last day of the series, the benchmark indices Sensex and Nifty50 reclaimed their 50000 and 15000 levels respectively on opening during Thursdays trading session. Whereas, the Nifty Bank surged above 34000 mark, which led to a gain of over one per cent today intraday.
On the last day of the series, the benchmark indices Sensex and Nifty50 reclaimed their 50000 and 15000 levels respectively on opening during Thursday’s trading session. Whereas, the Nifty Bank surged above 34000 mark, which led to a gain of over one per cent today intraday.
Sensex currently, is trading at 50093 level, which is up by 360 points or around one percent, whereas, Nifty too is up one per cent and trading a little above 15000-mark. Of 50 scrips, 45 advances and five declines with steel stocks such as Tata Steel, Hindalco, and JSW Steel leading the pack.
Tata Consumer, Cipla, and Eicher Motor are witnessed the most decline during today’s trade. Quarter four results of Tata Consumer and Eicher Motor are expected this week. Banking and Financial Indices up by over one per cent, have been boosting the market to grow and reclaim its shine.
The market extended gain for the fourth straight day today. Multiple factors such as US Fed policy decision, FIIs on buying spree on both cash and Futures market, DIIs to positively seen in the buying sentiment and most importantly the quarter four earnings have been satisfying to the market.
On Wednesday, FIIs bought shares worth Rs 766.02cr (cash), and Rs 436.2cr in Index futures. Moreover, the US markets on Wednesday closed lower, and Asian markets opened in the green.
The market saw a winning streak for the third day in a row as banking and financial stocks lead the gainers with heavyweight banks leading the Bank Nifty higher by nearly 1000 points.
The other positive was the broader market outperform benchmark indices as mid-caps joined the rally with industrials & PSU banks leading the gainers. Auto stocks lead by TVS Motor results saw the best week in over three months as short-covering/value buying propelled them higher.
The market has been suffering from weak sentiment amid the rising cases of coronavirus, as India has reached 3.80 lakh per day cases count and with around 3800 deaths in the last 24 hours.
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