Updated Jan 13, 2021 | 10:07 IST
At 9.28 am, NSE Nifty was trading at 14,627 levels, up by 63 points or 0.4% while BSE Sensex was at 49,708 levels advancing 191 points or 0.4% in early trades. Uncharted: Market scales fresh peak in opening trades; Nifty above 14,600 | Photo Credit: IANS
Key Highlights
Nifty Bank hits record high, crosses the earlier level of 32,613.10 reached on Dec 30, 2019
Sensex nears 50,000 mark with Bharti Airtel, ONGC and SBI leading the gains
Nearly all sectors are in green barring IT and consumer durables on Wednesday morning
Mumbai: Extending previous gains, benchmark indices surged to all-time high levels in opening trades day after Nifty crossed 14,500 levels for the first time.
DAILY VOICE | New investors would be better off investing in good companies or a MF rather than trading: Atul Bhole of DSP Investment
The real concern for markets in 2021 to my mind is actually the market factoring too much and too fast from the current levels too. In that case, the risk of having bigger drawdowns obviously increases later on, says Bhole. January 13, 2021 / 08:33 AM IST
Atul Bhole, SVP - Investments at DSP Investment Managers, has over 10 years of experience in capital markets. He is of the view that new investors would be better off investing in good quality and growing companies or a mutual fund consisting of such companies rather than trying their luck through trading.
Several large private banks have witnessed a sharp rebound post their 2QFY21 earnings and their valuation appears to be rich, while many small private banks are still trading below their average multiples.
On Wednesday, the indices would take hold at the level of 14,650/49,800 or at 14,700/50,000. On the downside, the Nifty should find support between 14,450 or at 14,400.
Retail investors eye Budget 2021 with lot of hope: 3 expectations from the Finance Minister
With an economy that is gradually reviving from a COVID-induced slump, all eyes will be on the Finance Minister, Nirmala Sitharaman, who will present the Union Budget on February 1. January 12, 2021 / 10:30 AM IST
The year 2020 was a roller coaster ride for investors, but benchmark indices managed to close the show with handsome return of about 15 percent each. The big winners of 2020 were the small & midcaps which will continue to remain in focus in 2021, suggest experts.
Despite a muted Budget for the stock market in the year 2020, retail investors jumped on D-Street. Data suggest that about 10 million new Demat accounts were opened last year amid the coronavirus outbreak which gave retail investors the extra time to study and manage stocks, according to media reports.