The week that was: RVNL, Venky’s India among 10 stocks that buzzed the most
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Last Updated: Jan 10, 2021, 03:24 PM IST
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Benchmark indices Sensex and Nifty surged to record highs last week.
NEW DELHI: Benchmark indices are amid a secular rally with most of them hitting fresh record highs every day. The last week was no different as the market rose further, backed by FII money.
Nearly 400 stocks in the BSE 500 index gained last week, while about 100 slipped amid general profit-booking after rallying too much too soon.
“This week witnessed the markets reaching fresh record highs on a daily basis which was fuelled by positive global cues, optimism on vaccine rollout, healthy business figures reported by banking and auto companies and hopes of strong quarterly outcomes. Broader markets outperformed benchmark indices contributing to the rally,” Vinod Nair, Head of Research at Geojit Financial Services.