The key Indian equity indices closed in the green on Friday with the BSE Sensex settling above the 49,000 mark. Healthy buying was witnessed in metal stocks, with several stocks touching their.
: Friday, May 7, 2021, 4:39 PM IST
Sensex breaches crucial level of 49,000-mark on extended buying support; Nifty may cross 15,000-15,050 levels in near-term
NSE India
The Nifty-50 managed to climb the wall of worries and has posted weekly gains of 1.3 percent. Indian markets are witnessing wild swings in the face of surging COVID-19 cases that have prompted several states to extend restrictions on movement by 1-2 weeks. The broader markets are seeing very good action due to the result season.
Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities, said the NSE MidCap and BSE Small Cap Index have outperformed the Nifty-50 this week. Strong data from the US and China is helping global markets to remain on the higher side. The RBI announced fresh measures this week to support the economy from the second wave of COVID. Support from the central banks in these difficult times is seen positively by the market. Q4 Earnings are coming out better than expe
Sensex ends above 49,000; metal stocks touch record highs
By IANS |
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Mumbai: A view of the BSE building in Mumbai, on July 5, 2019. The Union Budget 2019-20 failed to cheer the equity market as the BSE Sensex slumped over 460 points minutes after Finance Minister Nirmala Sitharaman concluded her speech. At 1.28 p.m., . Image Source: IANS News
Mumbai, May 7 : The key Indian equity indices closed in the green on Friday with the BSE Sensex settling above the 49,000 mark.
Healthy buying was witnessed in metal stocks, with several stocks touching their all-time high levels.
Shares of Tata Steel touched a 52-week high of Rs 1,192 and SAIL stock touched a 52-week high of Rs 145.85 per share.