Sensex nears 50,000: Five big risks that could disrupt the rally on Dalal Street
What are the big risks or things that could disrupt the rally and bring down the market? Business Today interacted with Nirmal Jain, the founder and Chairman of India Infoline Group, to understand the possible risk factors
Anand Adhikari | January 13, 2021 | Updated 13:58 IST
The stock market is eagerly following the news of covid variants and mutations
The barometer of stock market, the Bombay Stock Exchange s (BSE) 30-share index Sensex, is within kissing distance of key 50,000 mark. It s a remarkable feat as the index rose from 25,638 points in March last year after the outbreak of Covid and the news of subsequent lockdown. Sensex has almost doubled in a year s time. This frenzy in the market is expected to continue due to roll-out of vaccine globally, normalisation of business operations and the monetary and fiscal support from the government. Like they say , everything that goes up, comes
Domestic stock markets surged to all-time highs on the first session of year 2021, with the NSE Nifty 50 index settling above the 14,000 mark for the first time. The S&P BSE Sensex index jumped 229.03 points, or 0.48 per cent, to an all-time high of 47,980.36 during the session, and the broader NSE Nifty 50 benchmark 68.10 points, or 0.49 per cent, to an all-time high of 14,049.85. Gains across most sectors supported the markets, led by automobile, metal, pharmaceutical and state-run banking shares.
The Sensex and Nifty surged to record closing highs of 47,746.22 and 13,981.95 respectively.
Domestic stock markets continued to rise for a sixth straight day on Wednesday tracking record highs in Asian equities, as optimism around a fast economic recovery from the coronavirus-caused slowdown boosted investor sentiment. The S&P BSE Sensex index gained 194.77 points to touch an all-time high of 47,807.85, and the broader NSE Nifty 50 benchmark added 109.7 points to an all-time high of 13,982.90, during the session. Gains in automobile and metal shares supported the markets. (Track Sensex, Nifty Here)
The Sensex ended 133.14 points, or 0.28 per cent, higher at 47,746.22, and the Nifty settled at 13,981.95, up 49.35 points, or 0.35 per cent, from its previous close both record closing highs.
Stock Market Updates: HDFC, HDFC Bank and ICICI Bank were the biggest boosts for Sensex. Domestic share markets registered new record highs on Tuesday tracking gains across global markets, as hopes that a US COVID-19 relief package would be expanded and a Brexit trade deal supported investor risk appetite. The S&P BSE Sensex index rose 360.8 points, or 0.76 per cent, to an all-time high of 47,714.55 during the session, and the broader NSE Nifty 50 benchmark added 94.40 points, or 0.68 per cent, to an all-time high of 13,967.60. Broad-based gains, led by banking and financial services shares, pushed the markets higher.
Here are 10 things to know about the markets today: