The benchmark indices closed at a fresh lifetime high on 29 December 2020. The Bank and IT stocks led the rally.
At close, the BSE Sensex was up 259.33 points or 0.55 per cent at 47,613.08 and the Nifty was up 59.40 points or 0.43 per cent at 13,932.60. About 1519 shares have advances, 1438 shares declined and 162 shares remain unchanged.
On Nifty 50 index Indusind Bank (5.30 per cent), Axis Bank (2.03 per cent), Tech Mahindra (1.96 per cent) and HDFC Ltd (1.72 per cent) were the top gainers for the day, whereas Coal India (-1.85 per cent), NTPC (-1.84 per cent), Nestle (-1.80 per cent) and Hindalco (-1.79 per cent) were the top losers for the day.
On the sectoral front, all sectors except Banks & IT witnessed some profit booking and ended in red led by Nifty Metal (-1.09 per cent) and Nifty Energy (-0.62 per cent).
Author’s View: Nifty managed to comfortably close above 13,900 level whereas Bank Nifty closed above 31,300 level which is a positive sign and a further upside is expected in both the indices.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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