Day after subdued show, Nifty touches all-time high tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Equity markets ended higher this week, driven by buying in select heavyweight indices and a fiscally prudent Budget. 52 BSE500 stocks gained in double digits, with NBCC as the top gainer. In the midcap segment, Indian Bank, Delhivery, and HPCL rose in double digits. Power Grid topped the Sensex pack. All eyes will be on the RBI s policy meeting next week, with analysts expecting the Central bank to maintain key interest rates. Technical analysis suggests that Nifty may face resistance at 22100-22200 levels.
The NSE Nifty rose 156.3 points, or 0.72%, to close at 21,853, off its all-time high of 22,126. BSE s Sensex rose 440.3 points, or 0.61%, to end at 72,085. The index s Friday high of 73,089 was a few points below its record high of 73,427.
With two major events India s budget and US Fed meeting out of the way, analysts expect markets to take support from the ongoing Q3 earnings season, and remain in positive territory