We had mentioned in last Friday’s closing report that Nifty, Sensex would try to push higher. The major indices of the Indian stock markets closed up over the week. The trends of the major indices in the course of the week’s trading are given in the table below:
The major indices of the Indian stock market rallied and ended Monday with gains over last Friday’s close. On the NSE, there were 956 advances, 782 declines and 346 unchanged.
The key Indian equity indices of the S&P BSE Sensex and the NSE Nifty50 touched fresh record levels Monday, supported by firm global cues and a recovery in the domestic currency. Both the BSE Sensex and the Nifty50 of the National Stock Exchange touched new all-time highs of 38,281.70 points and 11,551.85 points, respectively, surpassing their previous benchmarks of 38,076.23 and 11,495.20 points. Buying activity was witnessed in capital goods, auto and oil and gas stocks.
The major indices of the Indian stock markets were range-bound on Tuesday and closed with minor gains over Monday’s close. On the NSE, there were 892 advances, 926 declines and 76 unchanged.
The key Indian equity indices...