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The benchmark Nifty jumped as much as 334.6 points to hit a new high of 20,602.50. Meanwhile, the Sensex surged 1,106.6 points to hit a record high of 68,587.82. ....
All except 2 stocks were in the green in the month of November. Only Bajaj Finance and SBI witnessed a decline in this period, while the remaining 48 stocks gave positive returns mirroring the positive market sentiment. ....
“Nippon India Mutual Fund has incrementally added positions in the power sector. So utility companies, some of the lenders which are specifically into that segment and we remain constructive on the equipment side and other than the generation side. We have the equipment side and the transmission companies.” ....
From the Sensex stocks, Tata Steel, JSW Steel, Wipro, SBI, and Tech Mahindra opened with gains, while only HUL, ITC, and UltraTech Cement opened with cuts. ....
The market s resilience seems to defy fundamental logic, revealing the potent role of investor sentiment and its capacity to trigger what some describe as ‘reflexivity’, a theory developed by billionaire investor George Soros ....