Sensex, Nifty Makes History: Over 60 Stocks in Bse500 Index Elevate 10-50% In a Week
Indian market created history as bulls pushed benchmark indices beyond crucial psychological levels in the holiday-shortened week. The S&P BSE Sensex surpassed Mount 45K while Nifty50 managed to hold 13,100-13,200 levels.
The S&P BSE Sensex increased 2.1 percent while the Nifty50 climbed 2.2 percent for the week ended December 4 while the action was more prominent in the broader market space.
The S&P BSE Mid-cap index rose 2.8 percent while the S&P BSE Smallcap index closed with gains of 2.6 percent for the week ended December 4.
There are as many as 65 stocks in the BSE500 index that rose 10-50% in just 4 sessions that include names like KNR Construction, Tata Power, Maruti Suzuki, Sun Pharma, Adani Enterprises, Hindalco, Oberoi Realty, SAIL, SpiceJet, Tata Chemicals, and Adani Power, etc. among others. The market climbed fresh new highs on the back of vaccine news.
Small & midcaps which remained in limelight through November and now in December are likely to attract buying interest in the last month of the year 2020 along with banking and finance stocks, suggest experts.
The S&P BSE Sensex rose 2.1 percent while the Nifty50 climbed 2.2 percent for the week finished December 4 while the activity was more noticeable in the more extensive market space.
There are upwards of 65 stocks in the BSE500 record that rose 10-half in only 4 meetings like KNR Construction, Tata Power, Maruti Suzuki, Sun Pharma, Adani Enterprises, Hindalco, Oberoi Realty, SAIL, SpiceJet, Tata Chemicals, and Adani Power, etc.
The market climbed new highs on the rear of immunization news, better than anticipated GDP information for the September quarter just as tentative editorial by the Reserve Bank of India (RBI) back home notwithstanding ascend in the swelling gauge to support development.
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