Equity benchmark Nifty scaled the psychological milestone of 21,000 in afternoon trade on Friday, and the Sensex touched its all-time intraday high of 69,888.33 after the central bank s decision to keep policy rates unchanged in line with market expectations.
The 50-share benchmark index opened on
Equity benchmark Nifty scaled the psychological milestone of 21,000 in afternoon trade on Friday, and the Sensex touched its all-time intraday high of 69,888.33 after the central bank s decision to keep policy rates unchanged in line with market expectations.
The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10.
As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.
In the last couple of weeks a debate has started on the street that large cap stocks have done nothing in the last two years, whereas mid-cap has given stellar returns during the same period. The question is whether one should expect the same performance to continue or should one go by logic that because something has done well in the last two years the law of averages will prevail which essentially means that there is a low probability the same returns will come in the next one or two years.