We had mentioned in last week’s closing report that Nifty, Sensex were under pressure. The major indices of the Indian stock markets were range-bound during the week and closed with gains on Friday over last Friday’s close. The trends of the major indices in the course of the week are given in the table below:
The major indices of the Indian stock markets rallied on Monday and closed with gains over last Friday’s close. On the NSE, there were 986 advances, 825 declines and 94 unchanged.
The key Indian equity indices -- S&P BSE Sensex and the NSE Nifty50 -- crossed the psychological marks of 36,700 points and 11,700 points for the first time today before closing the day just below the landmark levels.
Supported by firm global cues, the Sensex and the Nifty 50 touched their all-time high levels of 38,736.88 points and 11,700.95 points, respectively and settled at record closing levels.
Healthy buying was witnessed in banking, consumer durables and IT (information technology) stocks. The S&P BSE banking index surged around 530 points during the day.
A major deadline in the process of resolving the country's most...