With Diwali, the festival of lights and fireworks, just round the corner. Dalal Street was in all smiles today as the markets galloped to record highs on a closing basis.
The BSE benchmark index soared to a high of 21,087, and eventually ended with a gain of 105 points at 21,034 - a new life-time high - surpassing its previous best of 21,005 recorded on November 5, 2010.
The markets have rallied smartly in the last ten days, gaining nearly 21 per cent. This month alone the index has surged over 8 per cent backed by unabated FII (foreign institutional investors) flow in the markets.
As per data available from the SEBI website, the FIIs have net bought stocks worth Rs 14,430 crore in the cash market so far this month, while their total investments in the Indian markets amount to a whopping Rs 87,908 crore so far this calendar year.
Today, the BSE benchmark index started the day on a sedate note at 20,944 and the Nifty was up ten points at 6,230.
Further, the index moved sideways till the mid-noon session and thereafter extended its gains as the Indian rupee recovered some of its early losses and on back of fresh buying in FMCG and select banking stocks.
ITC and ICICI Bank were the major contributors the BSE index. They both together added 66 points to the BSE index followed by Bharti Airtel which added another 25 points.
Among sectors, the BSE Healthcare and FMCG indices jumped over a per cent each to 9,732 and 6,804, respectively.
The broader markets also finished with notable gains. The BSE Midcap index was up 0.3 per cent at 6,021, and the Smallcap index advanced 0.6 per cent to 5,865.
The market breadth was positive - out of 2,609 stocks traded on the BSE, 1,272 advanced and 1,160 declined today.
Click Here for the Live market commentary.
The BSE benchmark index soared to a high of 21,087, and eventually ended with a gain of 105 points at 21,034 - a new life-time high - surpassing its previous best of 21,005 recorded on November 5, 2010.
The markets have rallied smartly in the last ten days, gaining nearly 21 per cent. This month alone the index has surged over 8 per cent backed by unabated FII (foreign institutional investors) flow in the markets.
As per data available from the SEBI website, the FIIs have net bought stocks worth Rs 14,430 crore in the cash market so far this month, while their total investments in the Indian markets amount to a whopping Rs 87,908 crore so far this calendar year.
Today, the BSE benchmark index started the day on a sedate note at 20,944 and the Nifty was up ten points at 6,230.
Further, the index moved sideways till the mid-noon session and thereafter extended its gains as the Indian rupee recovered some of its early losses and on back of fresh buying in FMCG and select banking stocks.
ITC and ICICI Bank were the major contributors the BSE index. They both together added 66 points to the BSE index followed by Bharti Airtel which added another 25 points.
Among sectors, the BSE Healthcare and FMCG indices jumped over a per cent each to 9,732 and 6,804, respectively.
The broader markets also finished with notable gains. The BSE Midcap index was up 0.3 per cent at 6,021, and the Smallcap index advanced 0.6 per cent to 5,865.
The market breadth was positive - out of 2,609 stocks traded on the BSE, 1,272 advanced and 1,160 declined today.
Click Here for the Live market commentary.
No comments:
Post a Comment