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Broad-based selling was visible in the market with Nifty Bank, the banking sub-index of NSE, leading the selloff. Out of the 50 stocks in the Nifty, only five stocks - Hero MotoCorp, BPCL, Reliance Industries,
The Nifty continued to trade with a negative bias for 2 days in a row. Not only did it close below 14300 but also ended near the lowest point of the day. The 50-stock index has now corrected 3 percent from the.
The Nifty posted the best day since 9 November 2020 with the top 5 stocks contributing more than 50 percent. The Sensex continued to gain for 10 weeks in a row to post its longest weekly run since 2009.
The Nifty Bank is set to underperform Nifty for the first time in 5 years and it would do so by the biggest margin in history. On the other hand, Nifty Small & Midcap are set to outperform Nifty after 2 years.
Updated Dec 29, 2020 | 08:41 IST The PSU stocks, PSU Bank & PSE, have outperformed so far this month but still down 30 percent & 13 percent respectively for the year so far. Representational image Mumbai: The SGX Nifty scaled past 14,000 for the first time to indicate a positive start of Indian equities. The Nifty gained over 100 points to close at a record high so did the Dow Jones in overnight trade. The Nifty Bank advanced over 400 points to close above 30800 as all stocks closed with a positive bias. However, it is till 5 percent away from life high and down ...