Nifty sets sight on 14,000, analysts positive on banking stocks
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File Photo
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IndusInd Bank Ltd was the top percentage gainer on the Nifty
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Indian stock markets today finished at record highs with benchmark index Nifty inching closer to 14,000. Financial stocks led the advance as Nifty ended 0.43% up at 13,932.60, while the benchmark Sensex rose 0.55% to 47,613.08. The Bank Nifty, which is among the few sectoral indices still down this year, has been catching up with the broader market s advance as foreign investors bet that a rebound in economic activity will benefit lenders.
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Indices recover; Sensex reclaims 46K, Nifty ends above 13,450 as IT stocks shine
Indian benchmark equity indices fell 3% each on Monday, snapping six days of gains, as investor appetite soured following reports of a new deadly strain of the coronavirus in the UK.
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Share Via 22 Dec 2020, 03:56:00 PM IST
Sensex reclaims 46K, Nifty ends 1% higher led by gains in IT stocks
India s benchmark equity indices Sensex and Nifty staged a sharp recovery to end up 1% each, led by gains in IT and pharma stocks.
At close, the Sensex was up 452.73 points or 0.99% at 46,006.69, and the Nifty was up 137.90 points or 1.03% at 13,466.30. About 1,537 shares advanced, 1,325 declined, and 165 were unchanged.