The Indian stock markets are on fire, mirroring the global markets which rose for the 11th consecutive day as foreign portfolio investors (FPI) inflows in February have exceeded that of January.S. Ranganathan, Head of Research at LKP Securities .
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Share Market Highlights: Sensex jumps 617 points to end at record high, Nifty at 15,115; auto stocks lead
Stock Market Live News Today: Sensex and Nifty continued hitting new all-time highs today. Both benchmarks hit fresh lifetime highs of 51,523 and 15,159 earlier today
BusinessToday.In | February 8, 2021 | Updated 15:59 IST
Share Market LIVE News: Here s a look at the LIVE updates of the market action on BSE and NSE today
Sensex, Nifty LIVE Updates on February 8: Share market indices Sensex and Nifty continued scaling new highs on Monday, amid positive global equities. Gaining for the sixth straight session, BSE 30 share barometer Sensex ended 617 points higher at 51,348 by the closing bell. Similarly, the 50-share index NSE Nifty gained by 191 points to end at 14,924.Both benchmarks hit fresh lifetime highs of 51,523 and 15,159 earlier today. Mahindra and Mahindra, Axis Bank, ICICI Bank, IndusInd Bank, SBI, Bajaj Finance were trading among top gainers. Britannia, Baja
Sensex, Nifty close higher for sixth straight session: Five factors behind the rally
Sectorally, except for FMCG and PSU Bank, all the indices closed in green territory, with over 3% rise in auto and media index, followed by 2% rise in IT and realty index
BusinessToday.In | February 8, 2021 | Updated 19:28 IST
Buying triggered by budget 2021 and RBI s policy stance helped the market cap reach a record closing high of Rs 202 lakh crore today
Equity benchmark indices closed at record highs on Monday, in line with positive global equities. Gaining for the sixth straight session, BSE 30 share barometer Sensex closed 617 points higher at 51,348. Similarly, Nifty gained 191 points to end at 15,115. Both benchmarks hit fresh lifetime highs of 51,523 and 15,159 earlier today. On Friday, Sensex ended 117 points higher at 50,723 and Nifty gained 28 points to 14,924. During last week, Sensex rose 4,445 points or 9.6% and Nfty gained 1,293 points or 9.49%.
Illustration by Raj Verma What defines us is how well we rise after falling, American author and motivational speaker Zig Ziglar had said famously. The Indian equity market seems to be re-establishing this with a remarkable upsurge from its March 2020 bottom. Benchmark indices have already tramped past their last January peak by around 19 per cent. But, after this extreme roller-coaster ride, markets have now turned cautious due to profit-booking globally. The Sensex is down 7.3 per cent from its all-time high and continues to remain volatile.
Near-Term Outlook
After the yo-yo, there is a limited upside now. It would be realistic to expect modest returns from the current levels, according to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Around 53,800 on the Sensex and 15,800 on the Nifty would be realistic targets. If there are clear indications of a sustained economic growth and corporate earnings recovery, it is possible that FPI inflows may acc
On Thursday, the Sensex had ended 358.54 points or 0.71 per cent higher at its new closing record of 50,614.29; and the Nifty had settled with 105.70 points or 0.71 per cent gains at its closing peak of 14,895.65. Both indices had touched their all-time highs as well during the session.