The market is in the green in the current year so far, but Sensex scaling the 49,000-mark and Nifty50 touching 14,500 levels ahead of the Budget 2021 could make anyone cautious about the strength of the rally.
Foreign portfolio investors put in Rs 14,866 crore in Indian markets in the first half of January with participants expecting strong third-quarter results by companies. As per depositories data, they
Investors lost Rs 2.33 lakh crore on across the board profit-booking after Sensex and Nifty suffered their worst fall in four weeks today. Market cap fell to Rs 195.43 lakh crore today falling from a record Rs 197.66 lakh crore in the previous session.
Sensex, Nifty hit all-time highs; how far can markets rise this year
The sentiment in equity market is so bullish that in eight trading sessions of 2021, Sensex and Nifty have gained 3.76% or 1,793 points and 4.17% or 583.35 points, respectively.
Aseem Thapliyal | January 12, 2021 | Updated 17:31 IST
The 30-share index rose 300 points to a record high of 49,569 and Nifty gained 106 points to 14,590, its all-time high.
Sensex hit its all-time high and Nifty breached the 14,500 mark today on hopes from the ongoing Q3 earnings season and higher global markets expecting economic stimulus from new president Joe Biden. The 30-share index rose 300 points to a record high of 49,569 and Nifty gained 106 points to 14,590, its all-time high.
For the week ended January 8, Sensex jumped 1.91 percent while Nifty clocked a gain of 2.35 percent. The overall market capitalisation of BSE-listed firms has now jumped to a record Rs 195.7 lakh crore.