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YES Bank rose 13.33 per cent to R 21.93 per cent this month. FPIs owned 23.39 per cent stake in the private bank as on Sept 30. Info Edge climbed 12.19 per cent while Persistent Systems Ltd advanced 12.76 per cent during the same period.
Indian benchmark indices extend their bull run for seventh consecutive week, reaching all-time highs on the back of potential rate cuts by the US Federal Reserve, surge in industrial production, falling crude oil prices, and sustained FPI inflows.
On Friday, the 30-share BSE Sensex zoomed 970 points or 1.37 per cent to close at 71,484, while the broader NSE Nifty index moved 274 points or 1.29 per cent up to end the session at 21,457.
The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the market, information technology, metals, infrastructure, and realty topped the list.
Decoding the trend, HSBC Securities analyst Amit Sachdeva said the mid and smallcap spaces are leading the rally, which can be best described as a typical bull run.