India’s benchmark indices hit all-time high levels during the previous trading session along with all 3 major US indices also hitting all-time high levels.
The Nifty posted its best weekly gain since 12 April 2020 by rising almost 10 percent. It also traded above 15000 for the first time while Nifty Bank gained over 16 percent last week.
Updated Feb 05, 2021 | 08:48 IST
The Nifty extended its rally to 4 days in a row and climbed over 1250 points so far this week. The 50-stock index closed 100 points below 15000 and is on track for the best weekly performance since 12 April 20. Representational image
Nifty extends rally to 4 days in a row, rises over 1250 points
Nifty Bank surpasses 35000 first time ever, extends rally to 6 days in a row, up 15% WTD
All sector indices gain except Nifty IT
Mumbai: The Nifty extended its rally to 4 days in a row and climbed over 1250 points so far this week. The 50-stock index closed 100 points below 15000 and is on track for the best weekly performance since 12 April 2020.
Indian equities continued to surge for 3rd day in a row amid a global equity rally. The Nifty has gained 8.5 percent to post the best 3-day rally since 9 April 2020.
Wall street stocks rallied as the CBOE VIX cooled off more than 20 percent so far this month along with the India VIX declining 8 percent during the same time.