The key equity barometers continued to trade with string gains in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, was up 334.54 points or 0.71% to 47,308.08. The Nifty 50 index added 105.85 points or 0.77% to 13,855.10.
Investor sentiment was upbeat after President Trump signed a $2.3 trillion pandemic aid while the U.K. and the E.U. struck a a Brexit trade deal last week.
The broader market traded with decent gains as well. The S&P BSE Mid-Cap index rose 0.78% while the S&P BSE Small-Cap index rallied 1.44%.
The market breadth was strong. On the BSE, 1932 shares rose and 972 shares fell. A total of 184 shares were unchanged.
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Updated Dec 28, 2020 | 18:50 IST
If you are into wearing denim jeans, there is a 45% possibility that it was made in a factory owned by Sindhi possibly, in the Sindhi majoritarian township of Ulhasnagar. Niranjan Hiranandani (File Photo)
You may know them as papad-eating, business loving miserly, thanks to the Bollywood s caricature stereotyping but Sindhis are known to be one of the world’s largest business communities.
The history of Sindhis as a business community goes back to the Indus valley civilizations of Mohen Jo Dharo and Harappa. From where along with artifacts and modern architectural samples, trading coins were found that gave Sindhis an identity of a peace-loving and money-making community.
D-Street rallies for fourth day, investors richer by Rs 1.8 lakh crore
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The 30-share pack ended the day at 47,353.75, rising 380.21 points or 0.81 per cent. Its broader peer, NSE Nifty, climbed 123.95 points, or 0.90 per cent, to 13,873.20. Both indices closed at record highs.
Realty was the biggest sectoral gainer today.
NEW DELHI: Barring some pharma names that saw profit booking, stocks from all sectors were in demand on Monday after US President Donald Trump signed an economic stimulus bill, clearing the path of infusion of about $2.3 trillion in the system.
The news brought cheers to the equity market which is already rallying, thanks to surplus liquidity in the system. However, frothy valuations has emerged as a reason of concern which is keeping volatility high.
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