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Mumbai: Almost seven months after crossing the 50 thousand milestone, Sensex On Friday, for the first time in history, the mark of 55 thousand was crossed. rally Dalal Street This year has been helped by a combination of local and global factors, including a slow but steady vaccination campaign, which although not yet fully controlled. pandemic pandemic.
During the day, led by two giants – TCS And RIL Sensex closed at 55,437 with a gain of nearly 600 points, while nifty Crossed the 16,500 level for the first time and closed 165 points higher at 16,529. So far in 2021, the Sensex has climbed about 7,700 points or 16%.
According to market experts, there are many reasons behind the gain of over 7,000 in the Sensex. NS reserve Bank of IndiaA lenient policy stance to support growth, prudent central bank intervention, positive foreign fund inflows and continued buying by retail investors helped stabilize exchange rates. mutual fund The route has helped profit shares from almost all industries. Furthermore, a steady flow of IPO From good companies that brought positive listing benefits to investors, a pan-India vaccination campaign with local lockdowns and strong corporate results, the debt burden of most companies declined sharply, he said in a rally on Dalal Street. helped, he said.
On Friday, the Sensex opened with a marginal gain and rose to an all-time high of 55,488 points throughout the session and closed just below that level. Of the 30 components of the Sensex, 20 TCS closed with RIL. HDFC bank And Infosys contribute more than half of the index’s gains. The day’s rally pushed investors’ wealth to an all-time high with BSE’s market capitalization now standing at Rs 242.5 lakh crore, a little over $3.25 trillion.
According to Joseph Thomas, head of research, MK Wealth Management, Frontline indices and key sectors continued to rally amid optimism about corporate earnings in the coming months and continuation of soft-money policy by the central bank. “The current week saw Nifty and Sensex touching all-time highs, even invited to join on the side-line. Equity funds saw very good inflows in the last month on account of both lumpsum and SIPs, and continuation of the same trend could see the market rally bullish. Gains in midcaps and smallcaps were quite negligible, though sectoral indices such as banking, pharma and tech continued to rise,” Thomas said.
In addition to hopes of a normal monsoon-driven economic revival, strong economic data from the US and UK in recent weeks has also helped the gains in the past few days, Thomas said.
Mumbai: Almost seven months after crossing the 50 thousand milestone, Sensex On Friday, for the first time in history, the mark of 55 thousand was crossed. rally Dalal Street This year has been helped by a combination of local and global factors, including a slow but steady vaccination campaign, which although not yet fully controlled. pandemic pandemic.
During the day, led by two giants – TCS And RIL Sensex closed at 55,437 with a gain of nearly 600 points, while nifty Crossed the 16,500 level for the first time and closed 165 points higher at 16,529. So far in 2021, the Sensex has climbed about 7,700 points or 16%.
According to market experts, there are many reasons behind the gain of over 7,000 in the Sensex. NS reserve Bank of IndiaA lenient policy stance to support growth, prudent central bank intervention, positive foreign fund inflows and continued buying by retail investors helped stabilize exchange rates. mutual fund The route has helped profit shares from almost all industries. Furthermore, a steady flow of IPO From good companies that brought positive listing benefits to investors, a pan-India vaccination campaign with local lockdowns and strong corporate results, the debt burden of most companies declined sharply, he said in a rally on Dalal Street. helped, he said.
On Friday, the Sensex opened with a marginal gain and rose to an all-time high of 55,488 points throughout the session and closed just below that level. Of the 30 components of the Sensex, 20 TCS closed with RIL. HDFC bank And Infosys contribute more than half of the index’s gains. The day’s rally pushed investors’ wealth to an all-time high with BSE’s market capitalization now standing at Rs 242.5 lakh crore, a little over $3.25 trillion.
According to Joseph Thomas, head of research, MK Wealth Management, Frontline indices and key sectors continued to rally amid optimism about corporate earnings in the coming months and continuation of soft-money policy by the central bank. “The current week saw Nifty and Sensex touching all-time highs, even invited to join on the side-line. Equity funds saw very good inflows in the last month on account of both lumpsum and SIPs, and continuation of the same trend could see the market rally bullish. Gains in midcaps and smallcaps were quite negligible, though sectoral indices such as banking, pharma and tech continued to rise,” Thomas said.
In addition to hopes of a normal monsoon-driven economic revival, strong economic data from the US and UK in recent weeks has also helped the gains in the past few days, Thomas said.
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