Stock market update: Nifty touches new high
Surprising everyone, unlike the Asian markets, today the Indian stock market increased the wealth of the investors. With this, Sensex and Nifty also touched their best ever level today. However, some profit-booking was seen till the market closed and the Sensex closed at 62504.80 with a gain of 211.06 points (0.34 per cent). At the same time, the Nifty also closed at 18562.75 with a gain of 50 points (0.27 per cent). Significantly, for the first time the domestic stock market indices have closed at this level.
The market started in the morning with fear. Today Sensex opened at 62016 level by losing 278 points. At the same time, Nifty also started trading at 18,431 after falling 82 points. However, shortly after, the market emerged from the pressure of the international market and investors started buying. By 9.30 am, the Sensex reached 62338 with a gain of 45 points. Nifty also jumped 12 points to reach the level of 18524 during this period. After this, the Sensex touched its all-time high of 62701 and Nifty 18614 in the day’s trading.
Top gainer and losers
Today, the maximum gain of 0.61 per cent was seen in the shares of Auto on Nifty. After this, the shares of Pharma, Oil and Natural Gas, Bank, FMCG also closed on the green mark. However, there was a decline in Nifty Metal, Financial Services, IT and Media. Today, BPCL (5.04 per cent), Reliance (3.38 per cent), Heromoto Corp (2.40 per cent), Tata Consumer (1.88 per cent) and SBI Life (1.84 per cent) were the top gainers on the Nifty. Whereas, Hindalco (-2.14 per cent), Apollo Hospitals (-1.45 per cent), JSW Steel (-1.39 per cent), Tata Steel (-1.22 per cent) and HDFC Bank (-1.06 per cent) were the biggest losers.
