Market all-time High Sensex Hits 50,000 for First Time, Nifty above 14,700

Market all-time High: Sensex Hits 50,000 for First Time, Nifty above 14,700

The S&P BSE Sensex moved above the 50,000 mark for the first time on Thursday, steered by profits in Reliance Industries after the market regulator SEBI authorized Reliance Industries’ Rs 24,713-crore deal to purchase Future Group’s retail assets, in whack to Amazon’s endeavors to shut off the agreement.

The BSE moreover gave its “no adverse observation” report after the deal approval from SEBI. The Sensex rose as much as 335 points to hit an all-time high of 50,126.73, and the Nifty 50 index also moved the 14,700 mark for the first time.

Meanwhile, other Asian markets moreover rose to new record highs on Thursday, trailing US markets as investors yearned for more economic impetus from recently inaugurated US President Joe Biden to compensate for the harm caused by the Covid pandemic.

US President Joe Biden, who was vowed into office on Wednesday, last week laid out a $1.9 trillion stimulus package program to strengthen the economy and fasten vaccines’ allotment.

Purchasing was apparent across sectors as all sector gauges, latching the index of metal stocks, were marketing higher, steered by the Nifty Auto index’s 1 percent gain.

Nifty Bank, IT, Media, Pharma, and Private Bank records also rose over 0.5 percent.

Mid- and small-cap stakes were in-line with their vaster counterparts as Nifty Midcap 100, and Nifty Smallcap 100 indices rose 0.7 percent.

Bajaj Finance was the leading Nifty gainer; the stock rose 3 percent to Rs 5,143 after the lender recorded a 29 percent year-on-year (y-o-y) drop in compact net profit at Rs 1,145.98 crore for the three months to December due to elevated losses and conditions.

Tata Motors, UPL, Bajaj Finserv, IndusInd Bank, Reliance Industries, HCL Technologies, Eicher Motors, Hero MotoCorp, Shree Cement, Dr. Reddy’s Labs, and Wipro also rose between 1-3.5 percent.

On the flip side, Adani Ports, TCS, HDFC, Tata Steel, GAIL India, JSW Steel, Bharat Petroleum, and HDFC Bank were among the substantial losers.

The across-the-board market extent was optimistic as 1,484 shares were progressing while 614 were collapsing on the BSE.

More From Author

India’s Supreme Court Upholds Laws Protecting New Owners of Insolvent Companies

India’s Supreme Court Upholds Laws Protecting New Owners of Insolvent Companies

Fulham 1-2 Manchester United Match Report

Fulham 1-2 Manchester United: Match Report

21 thoughts on “Market all-time High: Sensex Hits 50,000 for First Time, Nifty above 14,700”

  1. I am really glad I clicked on this link, because the breakdown provided here is exactly what I needed to get a better grasp of the current situation and understand the context.

    Mer svensk porr

  2. There is a really good flow throughout this post that keeps the discussion clear and interesting to follow, while also maintaining a balanced tone that works well for a broad audience of different readers.

    online pokies

  3. You have managed to summarize a rather extensive amount of information into a highly clear format that keeps the reader engaged from the very first paragraph all the way down to your concluding thoughts today.

    online casino ohne limit

  4. Thank you for taking the time out of your day to compile this detailed overview; the unbiased standpoint you maintained throughout the text makes this a highly reliable resource for further reading.

    european online casinos

  5. This post does a really nice job of combining thoughtful discussion with an natural writing style, which helps create a reading experience that feels pleasant, approachable, and open to different interpretations and opinions.

    beste online casino belgië

  6. The logical progression of your thoughts throughout this piece really helps in understanding the core message, and I find this level of clarity to be incredibly helpful for anyone reading about this topic online.

    casinos en ligne

  7. Your ability to synthesize such a wide range of details into one well-structured, objective article is highly commendable. It takes real skill to present facts so clearly, and I genuinely enjoyed reading through this carefully structured material during my downtime earlier this afternoon.

    online casino apk download malaysia

  8. Before registering with an online gambling site, many players compare games, bonuses, account features, and transaction methods, so goospin casino may be included among the platforms they evaluate before making a final decision.

Leave a Reply

Your email address will not be published. Required fields are marked *