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Home / Business / The indexes hit all-time highs following Biden’s bullish win; Sensex topped 42,000, testing the Nifty 12,400

The indexes hit all-time highs following Biden’s bullish win; Sensex topped 42,000, testing the Nifty 12,400



Gathering more than 650 points, the Sensex stock benchmark hit an intraday record at the start of Monday’s trading, fueled by widespread gains amid massive foreign capital inflows and positive signals. from the global market.

After peaking at 42,566.34 in the opening session, the 30-stock BSE Index was traded at 627.21 points, or 1.50% at 42,520.27.

Similarly, the wider NSE Nifty also claims a new high of 12,451.80. It then traded for 178 points, or a 1.45% increase at 12,441.55.

All Sensex components are trading in active territory. ICICI Bank is the leading bull, up by about 3%, followed by Infosys, HCL Tech, Axis Bank, Bharti Airtel and Bajaj Finance.

In the previous session, Sensex finished at 552.90 points or 1

.34% at 41,893.06 and the wider NSE Nifty increased 143.25 points or 1.18% to 12,263.55.

Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 4,869.87 on Friday, according to interim data.

Arjun Yash Mahajan Head of Institutional Business at Reliance Securities said: “Trade is established in the domestic market, which is likely to be strong on positive signals globally.

He added that the financial resources that largely supported the domestic market’s rally last week mainly due to strong Q2 numbers, stable asset quality and improved toll collection efficiency, he added. added.

Wall Street recorded its best weekly performance last week since April when major indexes in the US recorded weekly gains of 7-9%, he said.

Democrat Joe Biden beat incumbent US President Donald Trump in the tough presidential election.

Most market participants expect the Biden regime to bring good news to Indian companies, especially IT and the domestic financial markets.

Going back to the domestic factors, investors will also focus on industrial production and inflation data, expected to be released on Thursday.

Elsewhere in Asia, exchanges in Shanghai, Hong Kong, Seoul and Tokyo traded 2.41% higher in mid-session transactions.

Meanwhile, international benchmark Brent crude was trading 2.66% higher at $ 40.50 / barrel.


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