New Delhi: On the last trading day of 2021, major domestic equity benchmark Sensex jumped 460 points on Friday led by strong gains in Maruti, SBI and Bajaj Finance.
The 30-share index ended 459.50 points (0.80 per cent) higher at 58,253.82. Similarly, the Nifty gained 150.10 points (0.87 per cent) to reach 17,354.05.
Titan was the top gainer in the Sensex pack, rising 3.5 per cent, followed by Kotak Bank, SBI, Maruti Suzuki, Bajaj Finance, HUL, Axis Bank and Sun Pharma.
On the other hand, NTPC, Tech Mahindra, PowerGrid and Infosys were among the laggards.
Mid- and small-cap stocks ended on a positive note as Nifty Midcap 100 index rose 1.40 per cent and Nifty Smallcap 100 index rose 1.41 per cent.
Stock markets remained closed on Friday in Tokyo and South Korea. In others, Hong Kong’s Hang Seng rose 1.24 percent, while the Shanghai Composite rose 0.57 percent.
Stock exchanges in Europe were trading with losses in mid-session deals.
“What has been a year 2021… The world recovered from the covid pandemic but faced another round of virus spread in March. However, the resilient Nifty continued to rise throughout the year till October and then saw some decent recovery. Globally more Market cap in India Dheeraj Reilly, MD & CEO, HDFC Securities said, “GDP ratio touches an all-time high due to large liquidity inflows, low interest rates, expectations of a quick return to normalcy and lower returns from other asset classes.” Is.
The transition to 2022 will see more general monetary policy, and investors can expect more moderate returns from financial markets. Central banks will start raising rates but will be more tolerant of inflation. He said the central bank and their assessment of economic conditions will once again be front and center in shaping investment strategies in 2022.
“After a super show in 2021, valuation levels in Indian equities may EM and alert most people within Asia about India. Indian equities are facing several challenges, including US rate cycles, rising oil prices. , elections in key states, possible Covid wave 3, an upward trend in domestic interest rates, rich headline valuations and strong relative trailing performance,” Reilly said.
Meanwhile, international oil benchmark Brent crude slipped 0.43 per cent to $79.19 a barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 986.32 crore on Thursday, according to stock exchange data. PTI MKJ
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