The Sensex closed at a record 62,681.84 points with a gain of 177.04 points, or 0.28 percent. The Nifty closed at its all-time high of 18,618.05 with a gain of 55.30 points, or 0.30 percent.
Stock market at new record level
Domestic stock markets continued to rise for the sixth consecutive trading day on Tuesday and both the major indices Sensex and Nifty once again reached new record levels. With strong trends in other Asian markets and continued foreign capital inflows stock market today Been fast The thirty-share BSE Sensex closed at a record 62,681.84 points with a gain of 177.04 points, or 0.28 percent. At one point during the trading, it had climbed up to 382.6 points. The National Stock Exchange’s Nifty also closed at its all-time high of 18,618.05 with a gain of 55.30 points, or 0.30 percent.
What is the advice for investors
Kotak Securities Ltd. Shrikant Chauhan, head of equity research, said, the market continues to rally and major benchmark indices have reached new highs. In such a situation, investors should do business cautiously. The increasing protest against the lockdown imposed in China for the prevention of Kovid epidemic is a matter of concern. The slowing down global economy may be further adversely affected by the lockdown. He said, if the situation does not improve, it may affect the market. But India is in a better position than other big economies, investors are ready to bet here.
how was business today
Hindustan Unilever, Sun Pharma, Nestle, Dr. Reddy’s, Tata Steel, ICICI Bank, Titan and HCL Technologies were major gainers in Sensex stocks. On the other hand, IndusInd Bank, Bajaj Finserv, Maruti, PowerGrid and Larsen & Toubro were among the losers. Narendra Solanki, Head (Fundamental Research), Anand Rathi Shares & Stock Brokers, said, Indian market opened with a positive trend in other markets of Asia, with heavy buying in FMCG and consumer durables companies in the afternoon trade. I kept a positive attitude. He said, the sentiment has also been strengthened by the positive attitude of foreign institutional investors (FIIs). FIIs have invested Rs 32,344 crore so far in the month of November and they remain net buyers.