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Sensex Hits 60K For The First Time outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Sensex @ 60K, In Top Gear; Experts Recommend Caution At Higher Levels outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Message : Required fields BENGALURU (Reuters) - Indian shares hit record highs on Wednesday, led by financial and metals sectors, as the blue-chip Nifty 50 index s break above the key psychological 16,000-level brought fresh impetus into the market and boosted investor sentiment. By 0504 GMT, the NSE Nifty 50 index climbed 0.92% to 16,281.35 and the benchmark S&P BSE Sensex rose 0.93% to 54,325.29. The momentum that has come after a clean break of 16,000-mark seems to have brought in or at least attracted fresh buyers. We have broken a month-long excruciatingly tight range of 400 points, said Anand James, chief market strategist at Geojit Financial Services. The breakout has also prompted several short-coverings and triggered buying in banking stocks, which were major laggards in the past few weeks, James said, adding that the rally seems to be driven mostly by the Nifty 50 components. ....
The breakout has also prompted several short-coverings and triggered buying in banking stocks Shares hit record highs on Wednesday, led by financial and metals sectors, as the blue-chip Nifty 50 index s break above the key psychological 16,000-level brought fresh impetus into the market and boosted investor sentiment. By 1:10 pm, the NSE Nifty 50 index climbed 0.57 per cent to 16,222.60 and the benchmark S&P BSE Sensex rose 0.77 per cent to 54,236.89. The momentum that has come after a clean break of 16,000-mark seems to have brought in or at least attracted fresh buyers. We have broken a month-long excruciatingly tight range of 400 points, said Anand James, chief market strategist at Geojit Financial Services. ....
Sensex jumps 546 points; Nifty settles above 16,250: Top reasons behind surge indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.