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Indian stock indices at record peaks as banking shares shine
29 Dec 2020
Employees at a financial house react as the indices shot to higher levels on Tuesday. Reuters
Improving economic scenario along with healthy buying in banking sector stocks pushed India’s key equity indices at record highs on Tuesday.
Accordingly, the improving economic scenario as well as a small intra-day correction pulled in fresh foreign funds.
During the intra-day, some losses were witnessed in the media, metal, FMCG, auto, realty and pharma indices. However, banking, financial services and IT space traded in the green.
Besides, foreign institutional investors (FIIs) continued their holiday shopping and have relentlessly bought around Rs43,000 crore worth shares in December. ....

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