INSUBCONTINENT EXCLUSIVE:
Stock Market Updates: Gains in financial, consumer goods and IT shares supported the markets
Domestic stock markets soared to new all-time peaks on Wednesday, with the S-P BSE
Sensex index crossing the 46,000 mark for the first time ever, amid hopes of a fast recovery from the coronavirus-caused economic slowdown
The Sensex index jumped 555.59 points, or 1.22 per cent, to touch 46,164.10 at the strongest level of the day, and the broader NSE Nifty 50
benchmark climbed to as high as 13,548.90, up 114.25 points, or 0.85 per cent, from its previous close -- both all-time highs
Gains in financial, consumer goods, IT and energy shares pushed the markets higher
The Sensex ended 494.99 points, or 1.09 per cent, higher at 46,103.50 and the Nifty settled at 13,529.10, up 136.15 points, or
Bank, HDFC Bank and Infosys, ending between 2.01 per cent and 4.59 per cent higher, were the top precentage gainers in the Nifty basket of
On the other hand, Hindalco, Shree Cement, UltraTech Cement, Wipro and Tata Steel, finishing down 0.86-1.55 per cent each, were the worst
hit among 16 laggards in the index.Hopes for COVID-19 vaccine approvals in the second worst pandemic-hit country boosted investor sentiment,
half of 2021.HDFC Bank, Reliance Industries and Infosys were the biggest boosts for Sensex, together contributing more than 250 points to
continuing a liquidity-driven rally
not stop it," AK Prabhakar, head of research at IDBI Bank, told TheIndianSubcontinent.India has the world's second-highest coronavirus
caseload behind the US, but daily cases have stayed below the 50,000 mark since November 8, despite a busy festival season.Foreign
institutional investors (FIIs) continued to be bullish on Indian markets, making net purchases of Rs 2,909.6 crore on Tuesday, data from NSE
Investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus.
