Sensex, Nifty rally 10% since Budget Day to hit record highs: What should investors do now?
We would advise investors to use the rally in the markets to restructure their portfolio and exit stocks that have balance-sheet or corporate governance issues, suggest experts.
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The blockbuster Budget 2021 not just brought a bonanza for the economy but for investors as well. Investors’ wealth, in terms of the market-capitalisation of the BSE-listed companies, rose by more than Rs 11 lakh crore since January 29, 2021.
Both Sensex and Nifty50 have rallied by more than 10 percent each since Budget to touch a lifetime high of 51,514, and 15,153, respectively, on February 8.
A smooth ride or a bumpy road? Here s how 15 top analysts foresee the market in 2021
Dhiraj Relli, MD & CEO, HDFC Securities believes a large portion of the Nifty run-up is over and, from now on, its rise would be gradual and measured. January 03, 2021 / 07:25 AM IST
The Indian market ended the year 2020 in the positive territory with market benchmarks - Sensex and Nifty - scaling record highs.
The year 2021 is also expected to be a positive one for the market as it is showing resilience on the back of abundant liquidity, positive developments on the vaccine front and signs of economic recovery.
After The Bell: Nifty closes in on 14K, what should investors do on Thursday?
Traders should exercise the utmost caution with their long side bets, as the market may remain both listless and volatile on monthly expiry session, say experts. December 30, 2020 / 05:05 PM IST
Indian markets closed in the green for the sixth consecutive day on December 30, as the S&P BSE Sensex rallied more than 100 points and the Nifty50 closed just a shade under 14,000.
The market bounced back after profit booking in intraday trade. The Nifty50 bounced back from its 5-days Exponential Moving Average (EMA) placed at 13,847. Finally, the Sensex ended the day 133 points higher at 47,746 and the Nifty gained 49 points at 13,982.
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Share Market Highlights: Sensex ends at 47,353 for first time, Nifty at 13,873; SBI, Titan, L&T top gainers December 28,2020 15:51 IST
Sensex, Nifty Highlights on December 28: Market indices touched new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Here s a look at the updates of the market action on BSE and NSE today
Closing
Market indices ended at new record highs on Monday, tracking gains in index majors, amid positive cues from global equities. Sensex ended 380 points higher at 47,353 and Nifty gained by 123 points to close at 13,873. During today s session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885