Stock Market Today: Sensex, Nifty 50 rise for second consecutive session; investors pocket nearly Rs.3 lakh crore in a day
Domestic market sentiment has been broadly positive lately on healthy macroeconomic prints
Domestic market sentiment has been broadly positive lately on healthy macroeconomic prints
Market observers attributed the crash to profit booking and view the correction as long overdue over stretched valuation of mid- and small-cap stocks
The 30-share BSE Sensex ended higher by 929.60 points or 1.34% at 70,514.20 level while the Nifty 50 closed at 21,182.70 level, up 256.35 points or 1.23%
Shares of NTPC Ltd (up 3.78%), Adani Ports and Special Economic Zone Ltd (up 3.08%), Hero MotoCorp Ltd (up 2.88%), Power Grid Corporation of Ltd (up 2.31%) and Eicher Motors Ltd (up 2.13%) ended as top gainers. On the other side, TCS Ltd (down 2.05%), Infosys Ltd (down 1.77%), HDFC Life Insurance Co Ltd (down 1.32 %), Axis Bank Ltd (down 1.25%), and UltraTech Cement Ltd (down 1.16%) were among the laggards
The benchmark surged 232 points in intra-day deals to its new peak of 70,057.83. This is the 5th session in December when the Sensex has hit its peak
Nifty 50 today opened at 20,932.40 against the previous close of 20,937.70 and touched its intraday high and low of 20,941.25 and 20,850.80 respectively
According to a Reuters report, Asian stocks rose to clock their strongest performance in 10 months on Thursday on a relatively benign global interest rates outlook and signs of economic recovery