Sensex rises to fresh lifetime high of 41,899, Nifty hits 12,337: 10 things to know about the rally
Sensex rises to fresh lifetime high of 41,899, Nifty hits 12,337: 10 things to know about the rally
While Sensex rose 300 points to 41,899 against previous close of 41,599, Nifty gained 81 points to 12,337
Infosys, M&M, HUL and Tech Mahindra were the top Sensex gainers. TCS, SBI and HDFC fell the most on Sensex
BusinessToday.In
Jan 13, 2020,
Updated Jan 13, 2020, 1:17 PM IST
Benchmark indices Sensex and Nifty hit fresh all-time highs on Monday as Asian markets gained ahead of signing of a US-Chinese trade pact this week. While Sensex rose 300 points to 41,899 against previous close of 41,599, Nifty gained 81 points to 12,337.
Here's a look at ten things to know about the rally in Sensex and Nifty today:
Sensex opened 111 points higher at 41,788 and Nifty gained 40 points to 12,296.
Infosys, M&M, HUL and Tech Mahindra were the top Sensex gainers. TCS, SBI and HDFC fell the most on Sensex.
Infosys, Coal India and Wipro were the top Nifty gainers. YES Bank, Tata Motors and Bharti Infratel were top losers on the index.
Market breadth was positive with 1,419 stocks rising against 740 falling on BSE. On Nifty, 34 stocks rose against 16 trading in the red.
On Friday, Sensex closed 147 points higher at 41,599 and Nifty climbed 40 points to end at 12,256.
Mid cap and small cap indices were trading 100 points higher at 15,259 and 105 points higher at 14,253 on BSE.
IT and consumer durables stocks led the gains with their BSE indices rising 302 points and 170 points, respectively.
On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 578.28 crore on Friday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 251.74 crore, provisional data available with NSE showed.
143 stocks hit their upper circuits compared to 141 reaching their lower circuits. 61 stocks hit their 52 week high against 51 falling to their 52 week lows on BSE.
Asian stock markets rose as investors shrugged off weaker-than-expected American jobs data and looked ahead to the signing of a US-Chinese trade pact. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia advanced. Japanese markets were closed for a holiday. Concern over a potential US-Iranian conflict faded. The Shanghai composite Index gained just under 0.1% to 3,094.02 and Hong Kong's Hang Seng gained 0.8% to 28,862.20. Seoul's Kospi advanced 0.7% to 2,222.67 while Sydney's S&P-ASX 200 shed 0.4% to 6,893.40.
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