A visitors sign within the foreground of the Bombay Stock Exchange’s on Dalal Street appears to replicate the temper of the inventory markets in Mumba. File picture
| Photo Credit: The Hindu
Equity benchmark indices continued their profitable streak for the fourth day working on Friday, December 1, 2023, with the Nifty hitting a record excessive in early commerce, pushed by beneficial macroeconomic information and steady international fund inflows.
The 30-share BSE Sensex jumped 308.52 points to 67,296.96 in early commerce. The Nifty climbed 96.1 points to twenty,229.25. Later, it touched a record excessive of 20,245.20.
Among the Sensex corporations, Larsen & Toubro, NTPC, Asian Paints, Maruti, Sun Pharma, ITC, IndusInd Bank and State Bank of India have been the main gainers.
Wipro, HCL Tech, Infosys, Tech Mahindra, Titan and Mahindra & Mahindra have been among the many laggards.
Foreign Institutional Investors (FIIs) purchased equities value ₹8,147.85 crore on Thursday, based on change information.
India retained the tag of the world’s fastest-growing main financial system, with its GDP increasing by a faster-than-expected fee of seven.6 per cent in September quarter on booster pictures from authorities spending and manufacturing.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong have been quoting decrease.
The US markets ended principally with beneficial properties on Thursday.
Global oil benchmark Brent crude declined 0.32 per cent to USD 82.83 a barrel.
The BSE benchmark ended 86.53 points or 0.13 per cent larger at 66,988.44 on Thursday. The Nifty edged up 36.55 points or 0.18 per cent to twenty,133.15.
“The market momentum which pushed the Nifty up by 6 per cent in November is likely to be sustained since the incoming data and news are positive. First, the Q2 FY24 GDP growth rate at 7.6 per cent has surpassed expectations. Second, the exit polls results indicate a high possibility of political stability after the general elections. The market will appreciate this,” stated V.Okay. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Most exit polls on Thursday put the BJP forward in Madhya Pradesh and gave it an edge in Rajasthan whereas predicting that it was benefit Congress in Telangana and Chhattisgarh.
