The Nifty posted the best day since 9 November 2020 with the top 5 stocks contributing more than 50 percent. The Sensex continued to gain for 10 weeks in a row to post its longest weekly run since 2009.
SGX Nifty surged over 100 points to test 14,300 taking cues from the US market. Asian markets started trading on a mixed note with the Nikkei & Kospi advancing while Hang Seng declined marginally.
Updated Jan 01, 2021 | 08:58 IST
Foreign investors bought Indian equities worth Rs 1136 crore in the cash segment on a provisional basis and sold Rs 409 crore in the futures & options market. Trade set up for Indian equity markets for January 1, 2021
Mumbai: The Nifty scaled past 14,000 points on the final day of the last year and posted its fastest 1000-point rally in at least 5 years. The Nifty Bank snapped its 4-year gaining streak with all stocks declining except Kotak & HDFC Bank. The Nifty Small & Midcap snapped its 2-year losing streak and outperformed the Nifty.
Interestingly, HDFC Bank & HDFC underperformed the Nifty on a yearly basis while Reliance continued to outperform 6 years in a row.
Updated Dec 31, 2020 | 10:52 IST
Nifty is set to gain over 5 percent in each of the last 3 series. The Nifty IT is set to gain for 7 series in a row. Representational image
Mumbai: The Nifty came within striking distance of 14,000 on the penultimate trading day of the current calendar year. The 50-stock index recovered more than 100 points from the day’s low. The Nifty Bank snapped its 5 day gaining streak to close flat with negative bias. It is also on track to snap its 4 year gaining streak. Both benchmark indices are on track to gain for a 3rd F&O series in a row. In fact, Nifty is set to gain over 5 percent in each of the last 3 series. The Nifty IT is set to gain for 7 series in a row.
The Nifty Bank is set to underperform Nifty for the first time in 5 years and it would do so by the biggest margin in history. On the other hand, Nifty Small & Midcap are set to outperform Nifty after 2 years.