Sensex ends 906 pts lower, Nifty below 22K; midcap, smallcap indices crack up to 5%
Among the 30 constituents of Sensex, barring ITC, ICICI Bank, Kotak Bank, Bajaj Finance, and HDFC Bank, all heavyweights ended in negative terrain.
Among the 30 constituents of Sensex, barring ITC, ICICI Bank, Kotak Bank, Bajaj Finance, and HDFC Bank, all heavyweights ended in negative terrain.
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
Swan Energy shares touched fresh all-time high on Friday after its board approved the proposal to raise up to ₹4,000 crore through the issuance of equity and debt securities.
Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
As Nifty breaks 19,000 level, it may induce an upward movement towards the 19,450, says analyst at LKP Securities.
This speciality chemical stock touched all-time high of ₹1,131 intraday today, while it surged 106% against its 52-week low of ₹547.10 hit on June 20, 2022.
On Monday, the midcap stock surged as much as 9.2% to hit a record high of ₹847.6 on the BSE on the back of strong volume.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.