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Some of the pre-budget trading picks are: Ultratech Cements, L&T, SBI, Bharat Electronics, BPCL, Mahanagar Gas, and Century Plyboards, recommends Dua.
The Sensex has almost doubled from the lows of 25,638 in March 2020. The average market capitalisation of BSE-listed companies has now swollen to Rs 198 lakh crore.
Explained | Sensex hits 50k milestone: Here is what led to the rally BSE Sensex scaled fresh record high breaching the psychological 50k-mark in early trade on January 21. The new peak is reached after a over 300-point jump on the back of positive cues. Find out all the reasons for the rally and expectations for 2021.
Sensex@50K! Don’t fear the dip, have faith in Indian story: Experts What a journey it has been for the benchmark index from 100 mark as on April 1979 to 50,000 mark in Jan 2021, which amounts to a compounded annual returns of just shy of 15.5% over the period of last 43 years. January 21, 2021 / 12:08 PM IST Positive global cues, as well as strong results from India Inc in the December quarter, helped Sensex climb Mount 50K with ease on Thursday while Nifty50 also broke above 14700 levels for the first time. The S&P BSE Sensex has almost doubled from the lows of 25,638 recorded back in...
Ahead of Joe Biden’s inauguration as President, the US market is on an upbeat mood with high expectations of a big US stimulus, said Vinod Nair