As soon as the market opened, the Sensex touched its all-time high level of 70,048, and the Nifty 50 also reached a new all-time high of 21,019. At the time of writing this news, the Sensex was trading at 69,958.13, up by 132.53 points, and the Nifty was trading at 20,984.65, up by 15 points. The Bank Nifty surged by 163 points, trading at 47,425. BSE Mid Cap rose by 205 points to 35,496, while BSE Small Cap showed a rapid increase of 271 points, reaching 41,376.
Top gainers and losers in the Sensex and Nifty included UltraTech Cement, IndusInd Bank, Tata Motors, Kotak Mahindra, Power Grid Corp, and HCL Tech among the gainers, while Asian Paints, Vipro, Axis Bank, JSW Steel, Sun Pharma, and HUL were among the losers.
Sensex and Nifty’s top gainers and losers included ONGC, UPL, Coal India, Tata Motors, IndusInd Bank, UltraTech Cement, and Kotak Mahindra among the gainers, while Dr. Reddy’s Labs, Cipla, Vipro, Asian Paints, Apollo Hospital, ICICI Motors, HUL, and Sun Pharma were among the losers.
Mr. Vijaykumar, Chief Investment Strategist at Geojit Financial Services, mentioned that becoming the buyers’ market, a strong RBI inflow, enthusiastic retail investors, and robust economic fundamentals can keep the IPO market in a short-term rally.
In early trading, other markets such as Asian markets witnessed mixed trends. Japan’s Nikkei 225 strengthened, while Hong Kong’s Hang Seng declined by more than 2%. On the other hand, American and European shares closed in the green on Friday.
Foreign Portfolio Investors (FPIs) have invested over INR 26,505 crores in the stock market in the first six trading days of December.
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