Early on D-Street | Nifty likely to hit fresh record highs soon
Episode 1940, Nov 26, 2019, 01:30 AM
A historic day for Indian markets as Sensex scales fresh record highs while the Nifty50 closed above 12050 levels on Monday.
Investor wealth rose Rs 1.81 lakh crore on November 25 driven by a strong rally in the broader market where the BSE benchmark surged 530 points to hit a fresh closing high of 40,889.23.
She 30-share BSE Sensex closed 529.82 points higher or 1.31 per cent at 40,889.23. During the trade, it zoomed 572.3 points to 40,931.71, its record intra-day high.
On the BSE, 1,413 scrips advanced, while 1,086 declined and 208 remained unchanged. From the 30-share pack, 28 stocks closed the day with gains led by Bharti Airtel, Tata Steel, IndusInd Bank and Axis Bank.
Sectorally, the action was seen in the Telecom, Metal, Realty, and Auto indices. In the broader markets, the S&P BSE Mid-cap index rose 1.1 percent while the Small-cap index rose 0.81 percent higher.
Positive global cues, MSCI rejig, consistent buying by foreign investors as well as some bit of short coverings ahead of F&O expiry helped Sensex to touch fresh record highs.
The Indian rupee on November 25 slipped 3 paise to close at 71.74 against the US dollar due to fag-end dollar buying by banks and importers.